Midlands Engine Observatory publishes latest Quarterly Economic Commentary

Date posted: June 11, 2020

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


Keep Updated

Latest News & Events

Derby University Institute of Technology


Sep 19 2023

First East Midlands Institute of Technology site opens in Derby

A new state-of-the-art facility for computing students, which will support the teaching of a range of digital and engineering subjects, such as computer games animation, design engineering and mechatronics has opened at the University of Derby’s Enterprise Centre.

Read more

Green Growth

Sep 15 2023

Midlands Engine APPG Co-Chair Lord Ravensdale – Unlock our outdated planning system and put net zero at the heart of decision making

Midlands Engine APPG Co-Chair Lord Ravensdale writes in The House Magazine on proposed amendments to the Levelling Up and Regeneration Bill.

Read more
lilian smith

Latest News

Sep 12 2023

Transitioning from academia to industry and growing your career: A masterclass.

Over 100 Early Career Researchers, Industry leaders and experts in enabling career growth gathered at Charnwood Campus for the first Midlands-wide Early Career Researcher Workshop

Read more
An electric vehicle charging

Subscribe to Midlands Matters, the newsletter of the Midlands Engine