The October DMP survey was conducted between 11 and 25 October and received 3005 responses.
54% of firms reported that Brexit was one of their top three sources of uncertainty in October. That was similar to the average of the previous three months. Brexit-related uncertainty remains elevated and well above its average since the referendum.
During 2019, firms have been pushing back the date they expect Brexit-related uncertainty to be resolved. This pattern continued in October.
The average probability that panel members attached to a no-deal Brexit in 2019 fell in October.
The latest results from the DMP are described in more detail in the ‘In focus’ section of the November Monetary Policy Report on ‘Uncertainty and Brexit’.
The DMP was set up in August 2016 by the Bank of England together with academics from Stanford University and the University of Nottingham. It was designed to be representative of the population of UK businesses. All results are weighted. See Bloom et al (2017) for more details.
The DMP receives funding from the Economic and Social Research Council.