Quarterly Economic Survey Q1 2018 Summary by Northern Ireland Chamber of Commerce & Industry in partnership with BDO Northern Ireland
01 May 2018
BDO Northern Ireland is delighted to work in partnership with the Northern Ireland Chamber of Commerce and Industry to report the results of the NI Quarterly Economic Survey.
The Northern Ireland Chamber of Commerce and Industry Quarterly Economic Survey (QES) in partnership with BDO Northern Ireland is the largest and most representative independent business survey conducted in NI and these results provide a strong insight into the current economic climate and highlight various economic developments, both current and potential.
The QES survey quarter to quarter examines business sentiment on a range of forward looking indicators including domestic sales and orders; export sales and orders; employment prospects; investment intentions; recruitment; cashflow; confidence; and price pressures. Where there is a positive movement, this indicates expansion of activity and a negative movement indicates contraction of activity.
Almost 300 businesses responded to the NI Quarterly Employment Survey for the 1st quarter of 2018 and together they account for over 19,000 jobs in Northern Ireland.
The NI QES forms part of the overall UK Quarterly Economic Survey, published by the British Chambers of Commerce (BCC) and is the UK’s largest and most authoritative private-sector business survey. The 1st quarter of 2018 saw over 7000 businesses responding to the UK QES.
The QES is a prominent tool used to measure the state of business sentiment in NI & nationally and is monitored by, and informs the decisions of, a range of national and international organisations including the Bank of England Monetary Policy Committee, HM Treasury, and European Commission.
Download the QES Q1 2018 summary report by the NI Chamber of Commerce & Industry in partnership with BDO Northern Ireland below.