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Staffordshire Chambers of Commerce, through its Quarterly Economic Survey (QES), helps to contribute to Britain’s most influential private business survey. Some key facts of the QES include:

  • It is Britain’s biggest and longest-running, private business survey.
  • It has provided consistent data since 1989, and regularly receives more than 7,000 business responses
  • It is a leading indicator – often picking up big changes in the economy long before other surveys or official statistics
  • It is used by the Bank of England’s Monetary Policy Committee,  as one of its key benchmarks when setting interest rates
  • HM Treasury and the independent Office for Budget Responsibility use it to put together their forecasts for the UK’s economic performance
  • The European Commission uses it 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 it when comparing the UK to worldwide competitors

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

STAFFORDSHIRE INFOGRAPHIC:     March 2016 

QES REPORT PRESS RELEASE :     March 2016 

Make sure to check out the new national QES website at www.economicsurvey.org.uk and let us know what you think!

Staffordshire Chambers of Commerce

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