Business confidence in Sussex down

BUSINESS confidence in Sussex has fallen marginally according to the British Chambers of Commerce Quarterly Economic Survey, published by Sussex Enterprise.

The survey is one of the most respected of its kind. It gives ‘a clear and accurate portrait of business confidence’. As a result, it is used by government ministers, senior policy officials and key decision makers to inform strategic choices at the highest level.

The survey of 150 Sussex firms indicates the following:

Business confidence falls: The QES figures suggest that Sussex businesses are much less confident of increasing their expected turnover and profitability over the next 12 months, than they were in Q4 2010. Sussex’s turnover balance dropped by 29 points, to +11% and profitability confidence fell by 22 points to -10%. Lower business confidence negatively impacts businesses decision-making, recruitment and investment.