Bulletin

UK growth slowing: CBI

data

The Confederation of British Industry's growth indicator fell to +19% in February, signalling that UK businesses expect the economy to post another strong quarter of growth in the first three months of the year, albeit at a slower pace that enjoyed during early 2014. The CBI said the tick down from January's +24% figure reflected a slowdown in the retail industry, which had been offset slightly by a rise in manufacturing and services. Whilst grocers and department stores in particular have felt the pinch, they remain confident about their near-term prospects. Looking forward, the CBI's outlook indicator also fell, dropping from +28% in January to +26% in February. The data comes as economists polled by Bloomberg predicted that despite a slowdown in GDP growth to 0.5% in the final quarter of 2014, output will rise by 0.6% in the first and second quarter of 2015, maintaining the UK's superior performance to that of the Eurozone.

 

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,…

An experienced early years practitioner in Devon has secured the future of a local nursery by acquiring the business in addition to their…

Where Next?