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Quarterly Economic Survey

Quarterly Economic Survey

As members of Sussex Chamber of Commerce, the accredited Chamber in Sussex, it is vitally important for you all to have a voice. The British Chambers of Commerce and the accredited Chamber Network run Britain’s most influential private business survey the BCC Quarterly Economic Survey. The QES is Britain’s biggest, and longest-running, private business survey. It’s provided consistent data since 1989, and regularly receives more than 7,000 business responses. Compare that to the average business survey, which garners a few hundred responses. It’s a leading indicator often picking up big changes in the economy long before other surveys or official statistics.

  • The Bank of England’s Monetary Policy Committee uses the QES as one of its key benchmarks when setting interest rates.
  • HM Treasury and the independent Office for Budget Responsibility use the QES to put together their forecasts for the UK’s economic performance.
  • The European Commission uses the QES to assess the health of the UK economy when it makes policy recommendations for both Westminster and Brussels.
  • The Organisation for Economic Cooperation and Development (OECD) and the International Monetary Fund (IMF) use the QES when comparing the UK to competitors worldwide.

There is a dedicated QES website (http://www.britishchambers.org.uk/policy-maker/economic-data/quarterly-economic-survey/) which shows how your responses are used.

Issues important to your business are considered at government. Your decision influences key decision makers, supports legislation to improve business life, it challenges legislation that hinders local and national business and helps create positive change and an improved business environment.

The QES is a clear example of how being part of Sussex Chamber of Commerce means you’re part of something bigger. Together, we are the economy.

Surveys are sent on a quarterly basis to all members and we ask that you take a few minutes to complete this important survey.