Quarterly Economic Survey

Quarterly Economic Survey

Quarterly Economic Survey

Complete the QES and have your say

The Quarterly Economic Survey (QES) is the UK’s largest independent business survey, and you can make sure your voice is heard by clicking the button below to complete the latest survey for Q1 2024.

Each quarter, Devon & Plymouth Chamber of Commerce – in partnership with Allica Bank – uses the QES to capture the thoughts of our members’ on a wide range of issues.

This is your opportunity to feed directly into data that will impact on Government policies and the economic recovery. Don’t waste it – click the button below to complete the survey.

WHAT IS THE QES?

Giving a voice to our region's businesses

The Quarterly Economic Survey (QES) is the UK’s largest independent business survey.

It is a powerful tool for representing the voice of business to Government; the results are analysed and used by Devon & Plymouth Chamber of Commerce at a local level, and nationally through the British Chambers of Commerce.

Key incentives for business to fill out the survey include:

  • 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.
  • It is the UK’s largest and longest running independent survey of business sentiment.

Click the button below to see our latest QES results.

WHY IS THE QES SO IMPORTANT?

The QES is the first economic indicator of the quarter, published in advance of official figures and other private surveys, and consistently mirrors trends in official data.

For this reason the survey is closely watched by policymakers such as the Treasury, the Bank of England, the Office of Budget Responsibility and the EU Commission. BCC brief these institutions on the results, and the data is used to feed into monetary and fiscal policy decision-making.

Geographical reach

The survey is aggregated from businesses sourced by the Chamber of Commerce network across the UK. Completed by thousands of businesses, it is one of the UK’s most representative private business surveys.

Business confidence indicator

Due to the diverse and wide business representation, the results published at the end of each quarter can demonstrate shared business concerns providing insight and allowing organisations to adapt their strategies.

Company size

The survey covers businesses of all sizes, with the vast majority of respondents falling in to the SME category of under 250 employees.

Reliable data

The QES is filled in by businesses of all sizes and sectors and therefore accurately anticipates current and future economic trends.

MEET OUR QES PARTNER

Understanding the challenges of SMEs

Allica Bank has partnered with Devon & Plymouth Chamber of Commerce for the Quarterly Economic Survey (QES).

The firm’s aim is to ensure it continues to have a good understanding of the challenges and opportunities facing Devon’s SMEs in 2024 and beyond.

Following a tumultuous period that included Brexit, Covid and the current broader economic pressures, Allica Bank is cautiously optimistic about the trading environment this year.

As a modern relationship bank committed to empowering established businesses to succeed, being part of the QES will allow the firm to build relationships with its clients, help them resolve problems in their businesses and fund growth opportunities as they arise. Click the button below to find out more about Allica Bank.

OUR QES DATES FOR 2024

Q1 2024

- Fieldwork starts: 12 February
- Fieldwork ends: 11 March
- Publication: w/c 1 April (TBC)

Q2 2024

Fieldwork starts: 13 May
Fieldwork ends: 10 June
Publication: w/c 1 July (TBC)

Q3 2024

- Fieldwork starts: 19 August
- Fieldwork ends: 16 September
- Publication: w/c 7 October (TBC)

Q4 2024

- Fieldwork starts: 11 November
- Fieldwork ends: 9 December
- Publication: w/c 6 January 2025 (TBC)

QES TOOLS AND RESOURCES

Process Outline for Chambers

The standard QES process for Chambers - including what is it and why it's so important.

QES Results from Q4 2023

The latest QES results showed steadily growing confidence among UK SMEs.

Be part of something bigger

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Chamber members are three times more likely to survive – and thrive – than other businesses. If you’re ready to join now – click the link below to get started. 

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