Data from the Confederation of British Industry showing better growth in the economy
Data out over the weekend
- output in the 3 months to May +10 (from +3 in the three months to April)
- based on the balance of firms reporting a rise in output
- 731 companies surveyed
Further out, balance of firms who expected growth to pick up in the three months ahead:
- +23 in the May survey from +13 in April
CBI comment:
- "While there was positive news for a number of sectors, consumer-facing firms continue to feel the pinch"
---
A piece of background info on the UK economy … not an impactor on GBP really. (is impactor a word?)
