The fieldwork for the Quarterly Economic Survey (QES) for Q4 2018 has begun and will run until 26 November. The QES is the largest and longest-running business survey in the UK and is a powerful tool for representing the voice of business to Government. To retain its reputation as a reliable economic indicator and a powerful tool for lobbying, it is vital as many businesses as possible respond to it.
At the national level, it’s a leading indicator – often picking up big changes in the economy long before other surveys or official statistics:
• The Bank of England’s Monetary Policy Committee uses the QES as one of its key benchmarks when setting interest rates.
• HM Treasury and the independent Office for Budget Responsibility use the QES to put together their forecasts for the UK’s economic performance.
• The European Commission uses the QES to assess the health of the UK economy.
The survey takes around 2 minutes to complete and can be accessed here.