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Quarterly Economic Survey Launched

Doncaster Chamber has launched a survey to determine how realistic expectations of an immediate economic recovery actually are.
 
The Chamber’s Quarterly Economic Survey (QES) provides vital information about the state of the local economy; it is the country’s largest business survey, recognised by Government and the Bank of England’s Monetary Policy Committee, the body responsible for setting interest rates, as the most reliable forecaster of future economic trends.

In the last survey, business confidence, the profitability expectation, again improved moving from +33% to +54%, a balance not seen since the end of 2007. In most other indices, the manufacturing industry showed noticeable improvements.

Daniel Fell, Head of Policy at Doncaster Chamber of Commerce, commented:

“The results of the last QES showed a significant rise in business confidence in the borough, with local trends still outstripping national averages. While businesses are still suffering with squeezed margins, we are beginning to see a rise in demand that should propel GDP figures to growth over the next quarter.

Our concern, is that a rapid withdrawal of Government stimulus could stall this growth. Any budget cuts that are forthcoming need to be phased in to avoid damaging long term prospects – with particular consideration given to the projected 3 million unemployed by mid 2010.”

We hope that you will take 2 minutes to complete the QES survey online at:
 
www.britishchambers.org.uk/qes
 
Password: economy 
Chamber ID number: 43