Quarterly Economic Indicator, Q4 2021

On Tuesday 18 January, Dundee & Angus Chamber of Commerce (DACC) released the latest results of their Quarterly Economic Indicator survey for Q4 of 2021. 

After nearly two years of delivering the Dundee & Angus Quarterly Economic Indicator Report, and Business Sentiment Indicator, the value of the research remains in the wealth of the stories that the data tells us.

We couldn’t do this work without two key things: a committed and generous set of businesses and the expertise of Dr Shona Dobbie, who brings a breadth of knowledge and understanding of the key global trends and then helps us paint a picture of the health of the business landscape in Dundee & Angus.

As always, we are indebted to the businesses who take the time to be a part of this long-running business survey – your data is not only central to this report, but to the national work of the Chamber Network ensuring that your data is well represented to key national policy decision makers.

As with many of our reports over the Covid years, we know there’s been a shift from the positive set of confidence indicators reported pre-December 2021. It would be hard for business confidence not to have taken a deeper downturn if we had been data gathering during the height of the Omicron restrictions amid the tsunami wave of festive hospitality booking cancellations, combined with the spread of the virus to our workforces.

We can only hope for a much more positive kick on now into 2022 - many of our business sectors are suffering and need to see their order books fill, supply chain issues resolved, their tills ring with customer spending and the consumer confidence begin to recover – again!

We anticipate that the impacts of surging inflation and persistent supply chain disruption may mean that economic growth prospects for the UK will be under pressure for much of 2022. Our governments must act with utmost caution, making data-lead decisions when issuing guidance and continue to support businesses where there are parts of our economy unable to reopen fully and trade their way out of the pandemic.

Here’s to a positive 2022!

Alison Henderson

CEO, Dundee & Angus Chamber of Commerce

You can find the quarterly report and recording of the webinar for this and past surveys over on our dedicated page

https://www.dundeeandanguschamber.co.uk/about/economic-indicator-reports 

Dundee & Angus Chamber of Commerce

As the leading business membership organisation in Dundee & Angus and part of the worldwide long-established Chamber of Commerce brand, we help local businesses to connect, communicate and develop for business benefit.

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