We are pleased to share with you the latest results from our Quarterly Economic Survey (QES) sponsored by Brabners, providing valuable insights into the current economic landscape affecting our community and industry.
While the QES results reveal the challenges many of our members are continuing to face—particularly around inflationary pressures and skilled workforce shortages—they also highlight areas of resilience and opportunity.
Key findings include:
• Business confidence remains weak following the employer NI rise
• The proportion of businesses expecting to put up prices over the next three months
• Tax remains the main concern for firms closely followed by inflation
• No significant change in sales indicators
• Firms have cut back on investment in the past three months
In the largest survey of business sentiment since April’s employer National Insurance rise, the Quarterly Economic Survey for Q2, shows confidence among firms remains weak.
While price rise expectations have eased back from near historic highs in Q1 – tax remains the biggest concern cited by firms..
We encourage you to review the full survey report attached for a detailed analysis. This data can inform your strategic planning and help identify potential areas for collaboration and support.
As always, our Chamber is committed to advocating on your behalf and providing resources to navigate these times. If you’d like to discuss specific challenges or explore available support programs, please don’t hesitate to reach out.
Read full report here: QES Q2
