As strong output growth continues and rising business investment supports the sustainability of the recovery, the UK economy has continued to grow briskly in the second quarter, according to the latest CBI growth indicator, which is produced by the UK's top business lobby.
The survey of 830 respondents across the manufacturing, retail and service
sectors again registered robust growth, with a balance of +29%. While the pace
of output growth eased slightly in the three months to June, down from a record
figure in May, expectations for the next quarter are for a strong pick-up. A
balance of +41% of respondents believe that output will increase further in the
three months ahead.
“Businesses will be carefully monitoring events in Ukraine and parts of the Middle East, where difficult situations are likely to have an adverse impact on the price of oil and other global commodities.”
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