UK economy on firm footing, say CBI

Posted on 31 Jul 2015 by Jonny Williamson

The rate of economic growth strengthened in the three months to July, with business and professional services the driving force, according to the latest CBI growth indicator.

The survey of 736 businesses across the manufacturing, retail and service sectors showed a reading of +20% in the three months to July, compared with +14% in June. This CBI noted that the rebound was largely due to a “faster pace of growth in business and professional services” with manufacturers and retailers reporting growth, albeit…

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