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.

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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.