Northamptonshire Chamber of Commerce’s Quarterly Economic Survey (QES) is a regular independent business survey and forms part of the largest and most representative survey of its kind in the UK. The Quarterly Economic Survey is released once a quarter and is collated at national level by the BCC and delivers the largest and longest private sector survey, combining over 7,500 responses.
What does it do? At a local level, it is an important source for us at the Chamber to review performance, concerns and views of our businesses across the county. We then use this data when meeting with local MPs and council leaders to develop economic strategies and policies to promote and enhance growth and enterprise.
At a national level, it is a leading indicator often picking up big changes in the economy long before other surveys or official statistics. The Bank of England’s Monetary Policy Committee use the QES as one of it’s key benchmarks when setting interest rates and HM Treasury and the OBR use the QES to put together their forecasts for the UK’s economic performance. Take part in the survey HERE