Slowdown in growth ‘confounds expectations’
Contrary to expectations of steady growth, momentum in UK private sector growth slowed in the three months to November, according to the latest CBI Growth Indicator.
The composite measure based on 676 respondents across the distribution, manufacturing and service sectors showed the balance of firms reporting a rise in output at +6%, compared with +11% in the three months to October 2017.
Growth was mixed across sectors. Manufacturing output growth accelerated in the three months to November, while the pace of growth eased in the... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
