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BCC survey shows fewer UK firms plan to raise their prices in the coming months

Started by forex4you, Jul 08, 2024, 06:58 am

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BCC survey shows fewer UK firms plan to raise their prices in the coming months

British 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.

-

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

forexlive.com
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