Quarterly Economic Indicator Update

Hosted by Dundee & Angus Chamber of Commerce

Location: Online

Date & Time

Tuesday, Oct 5, 2021 at 08:30 - 10:00

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£0 (members) | £10 (non members)

Join us as we deliver the results of the Dundee & Angus Chamber Quarterly Economic Indicator (QEI) for October and Q3.

ONLINE REGISTRATION FOR THE EVENT IS NOW CLOSED, SHOULD YOU WISH TO JOIN THE SESSION PLEASE EMAIL SARAHYOUNG@DUNDEEANDANGUSCHAMBER.CO.UK 

Alison Henderson, CEO of Dundee & Angus Chamber of Commerce and Dr Shona Dobbie of Angus Economics will reveal the findings of the latest Dundee & Angus Chamber Economic Indicator, explore what this means for our local economy, and how it fares relative to national and international trends.

Take part in a live conversation on the day about how business looks to the future, learn how the Chamber is ensuring that your voice is heard, your concerns are listened to by local & national policymakers and understand how your business can weather economic storms.

Reporting on the results Shona Dobbie said "This is the sixth presentation of our business and economic survey which focuses on activity across Dundee & Angus and it has been undertaken during a period of some further loosening of Covid-19 related restrictions. Once again, the results of our survey are reassuring, as they highlight the flexibility and resilience of local businesses across a wide range of sectors.

We have seen further improvement in most of the key variable we assess, with revenue and investment being particularly strong and both profits and cash flow recording large gains. And this relatively robust assessment of current business conditions has been accompanied by expectations of further improvement in the months ahead, driven by higher levels of investment, employment and prices. As a result, our DACC Business Sentiment Indicator has reached a new record high.

But, despite the encouraging results of our survey, local businesses have also highlighted some of the challenges ahead. The recently announced increase in National Insurance, rising wholesale gas prices, supply chain issues and both product and skill shortages are just some of the obstacles now facing business owners. Whilst we can take a lot of comfort from the huge amount of progress local businesses have made in recent times, their flexibility and resilience could be challenged once again in the months ahead."


PAST RESULTS

Since Lockdown started, we have carried out extensive research, from local businesses on the key economic issues impacting their organisations.

You can download past reports, and watch back recordings from previous webinars on the website

DACC works closely with local partners and the Scottish Chambers of Commerce (SCC) to feed business research into the national Quarterly Economic Indicator, conducted in partnership with Strathclyde University's Fraser of Allander Institute. The SCC QEI is Scotland's longest running business survey of its kind.

PLEASE NOTE, THIS WEBINAR WILL BE HOSTED ON ZOOM

 

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