Bulletin

Growth is slowing but still solid, CBI reports

The CBI has said that growth remains relatively solid despite Britain's economy having lost some momentum over the past three months. In its latest survey, the business organisation reported that manufacturing was the weakest part of the economy in the third quarter of this year. The CBI's growth indicator found businesses were generally upbeat about recent trade and optimistic about the months ahead. While the net balance of companies reporting growth slipped to 19%, down from September's 23%, the figure remains above the long-run average. Rain Newton-Smith, the CBI's director of economics, said: 'The economy is continuing to grow, at a slower but nonetheless solid pace.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

Santander’s local Business Banking team recently held a Breakthrough Masterclass at the English Whisky Company, with local East Anglian…

Where Next?