In BCC’s Quarterly Economic Survey, nearly half of UK firms (46%) reported decrease in domestic sales in Q3, down from 73.% in Q2. 27 of firms reported increase in domestic sales while 27% reported no change. Also, nearly half of firms (47%) reported decreases in export sales, down from 72% in Q2. 24% report3e3d increase in exports sales,.
Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “Our latest survey indicates that underlying economic conditions remained exceptionally weak in the third quarter. While the declines in indicators of activity slowed as the UK economy gradually reopened, they remain well short of pre-pandemic levels with little sign of a swift ‘V’-shaped recovery.”
