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.
View the latest QES reports here: