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

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?