Covid-19 Business Impacts Tracker: Tranche 9 and results of previous surveys below.
As the Coronavirus continues to impact the day-to-day operations of businesses across the UK, local Chambers of Commerce stand ready to support you. We have created a range of resources to help address your concerns which can be found below.
Since March, we have run a Coronavirus Business Impacts Tracker which businesses across the UK have fed into – this has become one of the core datasets shaping the Government’s economic response.
In this 5 minute Tracker, please tell us the immediate economic conditions you are facing, expected changes in employment and investment, and key issues your business may have experienced.
Click here to take the survey
Thanks to your input, the Tracker has supported our work on the furlough scheme, protection for self employed people and on the various loan schemes. As a business leader, your views have never been more important. All data are anonymised and aggregated.
Thank you for getting involved.
Dr Adam Marshall, Director General, British Chambers of Commerce
Resources for your business:
Our Coronavirus hub – a regularly updated information portal for all government updates, FAQs and other relevant information.
A series of interactive virtual events – aimed directly at Chambers and businesses across the UK and overseas. In case you missed out, take a look back at the recordings in our virtual events library.
Our social media channels (Twitter, LinkedIn and Facebook) – spreading the message and directing businesses to information, guidance and support.
The UK is at a pivotal moment in its recovery from the impacts of Coronavirus. Take a look at our Restart, Rebuild, Renew campaign – leading the recovery of business.
The results of the Q2 Quarterly Economic Survey (QES) were published yesterday by the British Chambers of Commerce. 7,700 firms across the UK contributed to the survey. The QES is regarded as the UK’s largest independent business survey and an accurate barometer of the performance of the economy. 108 Dorset firms participated in the survey.
National headline findings are:
- 11 of the 14 key service sector QES indicators fall to their lowest level in the survey’s 31-year history.
- The balance of service firms reporting increased domestic sales dropped a record 80 points from Q1 2020 and is now 28 points lower than the worst quarter during the 2008-09 recession.
- The balance of service firms reporting increased export sales dropped a record 55 points (to –55%) and is now 42 points lower than the worst quarter during 2008-09 downturn.
- The balance of service firms confident that turnover will improve over the next year decreased from +38% in Q1 to -36% in Q2.
- The percentage balance of firms reporting increased domestic and export sales is now substantially lower than the worst quarter of the 2008-09 recession.
- In the manufacturing sector, 9 of the 14 key indicators measuring activity in the sector dropped to its lowest level on record.
- The balance of manufacturing firms reporting improved domestic sales was 62 points lower than in Q1. For the export sales balance, it is 55 points lower.
- The balance of manufacturing firms that are confident turnover will improve over the next year decreased from +34% in Q1 to –31% in Q2.
- The Dorset survey results attached mirror the national picture.
You can see the summary infographic report here https://www.britishchambers.org.uk/media/get/QES%20report%20Q2%202020.pdf
DCCI have issued a press release that can be seen here https://www.dorsetchamber.co.uk/chamber-calls-for-action-after-historic-economic-setback/
DCCI have also issued a brief video on this https://www.linkedin.com/feed/update/urn:li:activity:6684004765271154688/
