British Chambers of Commerce's Quarterly Economic Survey
Survey indicates:
- UK services and manufacturing company domestic sales picked up slightly in Q2
- UK business investment intentions and confidence weaken
Comment from BCC head of economics Suren Thiru
- "While the modest pick-up in domestic activity points to a slight rebound in growth from a weak first quarter, there remains little evidence in the current data to suggest a sustained upturn in the UK's economic growth prospects
- Against this backdrop, the Bank of England's recent rhetoric around raising interest rates continues to look ill-judged."
