The Confederations of British Industry (CBI) came out with the data over the weekend, showing that the UK’s output in the 3 months to May rose to +10 versus +3 in the three months to April.
Key Findings:
The findings based on the balance of firms reporting a rise in output.
A total of 731 companies surveyed
The balance of firms who expected growth to pick up in the three months ahead –
+23 in the May survey from +13 in April.
“While there was positive news for a number of sectors, consumer-facing firms continue to feel the pinch”, CBI noted.
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