The UK economy is at a cross roads. Whilst a recovery in the economy is taking hold, much of it is being driven by consumer spending as the UK risks repeating the mistakes of the past.
With the UK facing strong global headwinds, the Government is leading the charge for a balanced economy to ensure our recovery becomes more entrenched. With so much at stake, having a clear understanding of the how our economy is performing has never been so important.
BDO's Business Trends report is one of the key bellwethers of the economy and gives an accurate and up-to-date picture of the environment that businesses are facing.
Business Trends is calculated by taking a weighted average of the results of the UK's main business surveys. It incorporates the results of the quarterly CBI Industrial Trends Survey (and the CBI Monthly Trends Enquiry which is carried out in the intervening months); the Bank of England Agents' summary of business conditions; and the Markit/CIPS Manufacturing and Services PMI data.
Business Trends covers over 4,000 different respondents from companies employing approximately five million employees. Together they make up the most representative measure of business trends available.
Read our commentary on the latest report.
Download May 2017 report
What is Business Trends?
Since 1992 the BDO Business Trends Report has provided the most representative monthly measure of business trends available. The results can not only be used as indicators of turning points in the economy but also, because of their method of construction, be seen as leading indicators of the rates of inflation and growth.
How is Business Trends prepared?
Indices are prepared on behalf of BDO LLP by the Centre for Economics and Business Research Ltd, a leading independent economics consultancy.
Survey's contributing to Business Trends
Four indices covering inflation, employment, output and optimism are calculated by taking a weighted average of the results of the UK's main business surveys:
- CBI Industrial Trends Survey
- CBI Monthly Trends Enquiry
- Bank of England Agents' summary of business conditions
- Markit/CIPS Manufacturing and Services PMI data
Taken together the surveys cover over 4,000 different respondents from companies employing approximately five million employees. The respondents cover a range of different industries and a range of different business functions.
Read our previous Business Trends reports