The Chamber’s first Quarterly Economic Survey Breakfast Event gives interesting insight into the national and regional economy
Posted 27 July 2017 | 0 Comments
On the 25th July, the West Cheshire & North Wales Chamber of Commerce held its first Quarterly Economic Survey breakfast event in the fantastic setting of Macdonald Craxton Wood Hotel & Spa.
The event reported the results from Q2 of the Chamber’s Quarterly Economic Survey (QES) which saw 144 businesses from the region take part representing nearly 8,000 employees.
Delegates were first greeted with a spread of pastries and had the chance to network with other like-minded business people. They were then seated to listen to two presentations.
Suren Thiru, Head of Economics and Business Finance at the British Chambers of Commerce, started proceedings with an overview of the QES and outlined why it was an important economic indicator. Suren then focused on the national QES results and highlighted some of the key challenges facing businesses including; rising inflation and uncertainty surrounding the UK government and the Brexit negotiations.
Neil Ashbridge, Chamber Board Director, then gave an in-depth overview of the regional results for West Cheshire & North Wales. The results showed a slight decline in growth in terms of domestic and export sales and orders since Q1 2017. Business confidence also dropped slightly on the quarter however, employment intentions have remained steady with the percentage of businesses that tried to recruit staff over the last three months rising slightly.
The event then closed with a Q&A session with both speakers.
Neil Ashbridge said about the event “This breakfast provided the first opportunity to present the BCC Q2’17 Quarterly Economic Survey results for West Cheshire and North Wales alongside the national results. Over the last year the Chamber has built a data set and time series to cover the West Cheshire and North Wales region, which has been enhanced by a sharp rise in the number of responses from Chamber members. The only one of its kind at the sub-regional level. It was also good to hear comments and questions from members furthering adding to the Chambers ability to represent the “voice of business” in the area.”