Exeter Chamber’s next economic survey report will be released just one day ahead of the current date for the UK’s departure of the EU. Members will be asked to respond to questions on sales and margin levels, investment plans and business confidence as part of a regular report which is fed to the Bank of England, informing its view of business conditions across the country. With the survey open during late February and into March, it is anticipated that the result will reveal the reality of operating a business at grass roots level in Exeter, during a challenging and uncertain period.
Exeter Chamber has collated data since the beginning of the century, tracking Exeter’s business conditions through critical points including during the 2008 recession and more recently, the uncertain political environment following the 2016 referendum. The survey has often revealed unexpectedly positive results, which business leaders suggest is due to Exeter’s position as a growth city. In the ‘The Cities Outlook 2019’ report recently released by national body, Centre for Cities, Exeter is the only city where the rate of business closures fell, has seventh highest employment rate (with a growth of 9.6%), and is the sixth fastest growing city in the UK.
Mark Pellow, chairman of Exeter Chamber, said: While Exeter is doing comparatively well, there is no doubt that there has been a substantial impact on confidence in the last few years, and as such it is vital that as many businesses as possible complete the survey at this crucial time. Our next economic survey results will provide a real time reflection of business conditions, informing decisions for business leaders locally and at national level.”