Survey Results
 
 
       

Survey BB-42 :
In the light of recent discussions on the Euro and the implications for business, survey 42 asks about your preparations for its continental wide introduction on January 1st 2002.


Question NumberQuestion
Q1Roughly, as a proportion of turnover, to what extent is your business involved in exporting to Continental Europe?
Q2Roughly, as a proportion of turnover, to what extent is your business reliant upon imported supplies from Continental Europe?
Q3I am well aware of the implications for my business of the continental wide introduction of the Euro.
Q4Can your invoicing/payment procedures accommodate the introduction of the Euro?
Q5For export markets, will you be quoting your prices in Sterling or Euros?
Q6If converting to Euros, are you adjusting your prices?
Q7Does talk of recession influence your business decisions regardless of any changes in actual market conditions?
Q8To what extent is your business constrained by skill shortages?
Q9To what extent is your business constrained by a lack of finance?
Q10To what extent is your business constrained by low market demand?
Q11Over the last 3 months, has your business:-
Q12Over the next 3 months, do you expect your business to:

(1) Roughly, as a proportion of turnover, to what extent is your business involved in exporting to Continental Europe?
ResponseTotal answers: 128
%
1. More than 50%3.1%
2. From 31% to 50%, 2.3%
3. From 10% to 30%, 11.7%
4. Less than 10%35.2%
5. Not at all47.7%

(2) Roughly, as a proportion of turnover, to what extent is your business reliant upon imported supplies from Continental Europe?
ResponseTotal answers: 128
%
1. More than 50% 7%
2. From 31% to 50%4.7%
3. From 10% to 30%18%
4. Less than 10% 27.3%
5. Not at all43%

(3) I am well aware of the implications for my business of the continental wide introduction of the Euro.
ResponseTotal answers: 128
%
1. Strongly agree 25.8%
2.25.8%
3.28.1%
4.14.1%
5. Strongly disagree6.3%

(4) Can your invoicing/payment procedures accommodate the introduction of the Euro?
ResponseTotal answers: 128
%
Yes61.7%
No14.8%
Not applicable23.4%

(5) For export markets, will you be quoting your prices in Sterling or Euros?
ResponseTotal answers: 128
%
Sterling32.8%
Euros23.4%
Not applicable43.8%

(6) If converting to Euros, are you adjusting your prices?
ResponseTotal answers: 128
%
Up7%
Down 0.0%
Stay the same35.2%
Not applicable57.8%

(7) Does talk of recession influence your business decisions regardless of any changes in actual market conditions?
ResponseTotal answers: 128
%
Yes53.9%
No46.1%

(8) To what extent is your business constrained by skill shortages?
ResponseTotal answers: 128
%
1 Highly10.2%
223.4%
328.1%
423.4%
5 Not at all14.8%

(9) To what extent is your business constrained by a lack of finance?
ResponseTotal answers: 128
%
1 Highly14.1%
222.7%
322.7%
421.1%
5 Not at all19.5%

(10) To what extent is your business constrained by low market demand?
ResponseTotal answers: 128
%
1 Highly21.9%
224.2%
326.6%
421.1%
5 Not at all6.3%

(11) Over the last 3 months, has your business:-
ResponseTotal answers: 128
%
Expanded significantly (more than 10%)5.5%
Expanded somewhat (between 5% to 10%)34.4%
Remained static36.7%
Declined somewhat (between 5% to 10%)14.1%
Declined significantly (more than 10%)9.4%

(12) Over the next 3 months, do you expect your business to:
ResponseTotal answers: 128
%
Expand significantly (more than 10%)7.8%
Expand somewhat (between 5% to 10%)31.3%
Remain static43.8%
Decline somewhat (between 5% to 10%)9.4%
Decline significantly (more than 10%)7.8%