Thames Valley Business Barometer – January 2020
The most recent Barometer survey took place between September and November 2019 with over 100 businesses taking part. So how are Thames Valley Businesses performing? At first glance, it seems that productivity is outperforming confidence.
On average, businesses ranked their productivity levels as 6.29, this is due to them having a strong workforce and good access to investment.
In contrast, 2019 saw the largest deterioration in general levels of economic confidence (within the region) compared to any other year the survey has been ran. Admittedly, the figure did improve in the second half of the year, compared to our Spring survey (54% vs. 63%), but only 6% believe that confidence levels have improved.
Our expert panel discuss this year’s findings and the topic of productivity, concluding that investment in technology and having trust in employees to work flexibly and agilely is going to be key if high productivity levels seen in the region are to continue.
Also included in this report we speak to five businesses who shared their views on their own performance, the key challenges they face and the current economic conditions. We would like to thank Virgin Experience Days, Tax Automation, ESP Global Services, Clearvision and Contexta 360 for their insightful input.