BRITISH CHAMBERS OF COMMERCE - Q1 2024 - Overall, 36% of respondents

More than half (56%) Almost half (46%) now Only 24% report an expect their turnover to expect their prices to increase to plant and grow over the next rise in the next three machinery investment twelve months months Overall, 36% of respondents reported an increase to domestic sales in the last three months, while 22% reported a decrease, unchanged from the previous quarter. [...] ISSN 2398-4406 BRITISH CHAMBERS OF COMMERCE Q1 2024 The percentage of firms expecting their prices to rise stands at 46%, halting the downward trend seen since Q2 2022. [...] Inflation, skills shortages, and an almost endless list of new trade barriers with the EU, coupled with a lack of clear direction on infrastructure and technology investment at the government level, have led to paralysis for many businesses.” David Bharier, Head of Research at the British Chambers of Commerce ABOUT 75% are in the 4,816 business Responding service sector, 25% respondents from busin. [...] QES results are often presented as balance figures – the percentage of firms that reported an increase minus the percentage that reported a decrease. [...] If the figure is above 0, it indicates overall expansion of activity and if the figure is below 0, it indicates overall contraction of activity.