Fieldwork for quarter 3 survey is now underway
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.
Please take the survey here – it takes just 2-3 minutes (fieldwork underway 28 Aug-18 Sep 2019)
Survey Summary (Q2 2019)
Domestic sales– Sales growth slowed across both services and manufacturing in the last quarter following the Q1 surge as companies built inventory ahead of the planned departure from the EU in March.
Export sales– Overseas sales slowed also in the last quarter with the service sector reporting a negative net balance for the first time in over five years.
Employment – Despite slowing sales growth, employment remains strong across the region. Recruitment activity was most prevalent within the leisure and hospitality sector, no doubt seasonal in nature.
Investment – Training investment increased in the last quarter with manufacturers reporting the highest net balance since Q3 2015. Service sector businesses also rose in the last quarter as companies look to develop their workforce.
Business confidence – Service sector businesses report a small upturn in turnover expectations, however profit expectations fell for the fifth successive quarters, no doubt compounded by rising input costs, increased competition and a slowing in sales growth. Manufacturers are a little more upbeat this quarter as confidence tipped up from last quarter’s three year low point.
Download the full report here (Q2 2019)
Previous reports available below