Midlands Engine Observatory publishes latest Quarterly Economic Commentary

Date posted: June 11, 2020
Share
Quarterly-Economic-Commentary

The Midlands Engine Observatory has published the latest edition of its Quarterly Economic Commentary (QEC).

The QEC analyses significant national statistical releases and what they tell us about the performance of the Midlands economy. Owing to the time-lag in the release of statistics, much of the analysis in the latest QEC relates to our economy before the impact of Covid-19. Nevertheless, the QEC provides a useful baseline of how our economy was performing prior to the economic shock.

The QEC tells a truly positive story about how the Midlands economy was beginning to close the gap across a number of economic performance measures:

  • growth rate in school readiness in the Midlands was greater than the UK average;
  • apprenticeship starts in the Midlands grew faster than the UK average;
  • proportion of people with NVQ level 4 qualifications grew faster than the UK average and, conversely, the proportion of people with no qualifications decreased faster than the UK average;
  • economic activity rates in the Midlands grew faster than the rest of the UK;
  • productivity (as measured by GVA per hour worked) grew faster in the Midlands than the rest of the UK;

The firm ambition of the Midlands Engine, as we emerge from the depths of the Covid-19 pandemic, will be to help re-establish this trajectory and continue to close the gap with the rest of the UK.

You can read the full QEC here: Download the Quarterly Economic Commentary – May 2020.

For further Observatory research and analysis, including our fortnightly Covid-19 Economic Impact Monitor, please visit: www.midlandsengine.org/observatory

Share

Keep Updated

Latest News & Events

close-up image of an electric car plugged into a charging point

Transport

Mar 1 2024

Consumer research shows lack of Electric Vehicle charge points a barrier for uptake

Consumer research conducted by Midlands Connect has shown a lack of EV charge points is a barrier for consumers choosing to purchase an EV and a hinderance for those who already own an EV.

Read more
a train in Nottinghamshire

Transport

Mar 1 2024

Work to deliver Midlands Rail Hub set to begin with £123 million

Millions of people will benefit from more frequent rail services from central Birmingham and upgraded stations across the Midlands.

Read more
The Midlands Engine Investment Fund II launches today (29th February) and will deliver £400 million of new funding to small and medium-sized businesses across the Midlands.

Economic Opportunities

Feb 29 2024

Midlands Engine Investment Fund II launches providing businesses with the funds to grow

The Midlands Engine Investment Fund II launches today (29th February) and will deliver £400 million of new funding to small and medium-sized businesses across the Midlands.

Read more
An electric vehicle charging

Subscribe to Midlands Matters, the newsletter of the Midlands Engine