Companies urged to help benchmark North-east economy in QES survey

13/02/2024
The Quarterly Economic Survey (QES) is run by law firm Gilson Gray and Aberdeen & Grampian Chamber of Commerce

AMID a tumultuous start to 2024, businesses are being urged to help track the performance of the North-east economy by taking part in the latest edition of a flagship confidence survey.

The Quarterly Economic Survey (QES) – which is run by law firm Gilson Gray and Aberdeen & Grampian Chamber of Commerce – asks businesses if they have seen an increase, decrease or no change in a series of metrics, such as sales and cash flow.

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It will also seek to shed light on issues companies in the region may be having with getting paid for their goods or services as customers continue to wrestle with cost increases, high interest rates and political and economic uncertainty.

CLICK HERE TO TAKE PART IN THE SURVEY

As well as giving a regional picture, the data gathered will also be fed into a national version of the report, run by the British Chambers of Commerce, which is the largest and most representative independent business survey of its kind in the UK.

Its findings are closely watched by policymakers such as the Treasury, the Bank of England and the Office of Budget Responsibility.

The last edition of the survey, published in January, highlighted the exporting power of the North-east of Scotland.

It showed that half of the companies in the region expect their profits to grow in 2024 as the region looks set to outperform the rest of the UK, according to new report.

Growing international demand for goods and services from Aberdeen and Aberdeenshire is driving increased confidence among companies in the region.

Click here to read the last report

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