The Chamber’s Quarterly Economic Survey monitors economic trends and takes the business temperature, accurately and comprehensively, in a range of areas relevant to our members across West & North Yorkshire. The quarterly report is read by, and relied upon by policy makers across our region.
Download latest report here (Q1 2019)
Survey Summary (Q1 2019)
Domestic sales– The pace of growth in service sector sales slowed a little in the last quarter with net balance down 8 points to +29%. Manufacturers reported increases in the first quarter of 2019, up 10 points to +27%
Export sales– Service sector companies recorded a small decrease in overseas sales down 3 points in the last quarter. Manufacturers reported a 16 point increase in the last quarter to +30%, the sector export sales have trended upwards since Q2 2017
Employment – Employment remains strong across the region, although the pace of growth has slowed for the second successive quarter within the service sector. Manufacturers reported an increase in net balance in the last quarter
Investment – This quarter we report further falls for investment in plant and machinery, which has trended downwards for the last 4 quarters across all sectors. Training investment also slowed across the service sector but increased a little within the manufacturing sector.
Business confidence – Expectations of increasing turnover and profits slowed across all sectors in the last quarter, down to levels we last saw around the time of the EU referendum. Uncertainty is clearly playing on the minds of businesses in our region.
Previous reports available below