Growth holds steady but at slower pace than expected
UK private sector growth momentum held broadly steady in the three months to September, according to the latest CBI Growth Indicator.
The composite measure based on 728 respondents across the distribution, manufacturing and service sectors showed the balance of firms reporting a rise in output at +11%, compared with +14% in the three months to August 2017.
Growth was mixed across sectors, with the pace of growth easing in manufacturing and business and professional services firms reporting growth fizzling out.
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