BCC Quarterly Economic Survey Q3 2022
The BCC’s Quarterly Economic Survey (QES) for Q3 2022 shows a significant decline of key economic indicators, with weakening structural business conditions and confidence a cause for concern.
- Four in ten (39%) businesses believe their profitability will reduce over the next 12 months.
- Fewer businesses are reporting increased sales; only 33% of firms reported increased domestic sales, down from 41% last quarter.
- Measures for inflation remain at record highs as more than four in five (84%) firms say it is a growing concern for them.