(MENAFN) The British Chamber of Commerce (BCC) has stated in a recent survey that nearly half of companies in the UK recorded a decline in domestic sales in the third quarter (Q3) of 2020 despite the resurgence of many businesses.
The BCC Quarterly Economic Survey states that along with the 6,410 companies surveyed by BCC, 46 percent of them recorded a decline in domestic sales in Q3, losing as much as 73 percent in the previous quarter, suggesting a weak performance that continues amid the crash. of the Coronavirus pandemic.
Chief economist Suren Thiru at BCC stated that “Our latest survey shows that the underlying economic conditions remained very weak in the third quarter,”.
Thiru stated that although the downturn in movements is slowing as business picks up, they remain “far from pre-pandemic levels with little sign of a quick ‘V’ shape recovery.”
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