BCC survey shows fewer UK firms plan to raise their prices in the coming monthsBritish Chambers of Commerce (BCC) survey:
- 39% of member companies it surveyed expected to raise prices over the next three months
- down from 46% in its previous survey published in April
More results:
- sales and cashflow improved in Q2 2024 to pre-pandemic levels
- share of firms expecting an increase in turnover in the next 12 months rose to 58% from 56% in the April survey
- 75% of respondent firms were still not increasing investment
BCC survey was based on responses from 4,967 companies - 91% of them with under 250 employees - polled between May 13 and June 10.
Info via Reuters.
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We really should give a shout out to Sunak for overseeing some improvement in the UK economic data, lower inflation etc.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: BCC survey shows fewer UK firms plan to raise their prices in the coming months (https://www.forexlive.com/news/bcc-survey-shows-fewer-uk-firms-plan-to-raise-their-prices-in-the-coming-months-20240707/)
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