Outlook "exceptionally strong" say The Confederation of British Industry

Outlook "exceptionally strong" say The Confederation of British Industry

The The Confederation of British Industry (CBI) have said today that the outlook for the economy over the next QTR is “exceptionally strong” – great news for businesses throughout the UK.

Its latest monthly survey of 675 firms, had indicated that growth expectations were the strongest since the CBI started collecting data in 2003. Among the strongest areas for growth are the retail and services sectors whilst manufacturing businesses also reported solid progress.

Katja Hall, chief policy director at the CBI said: "These latest growth figures, and the strong expectations for the next quarter, provide further encouraging signs of increasing vigour and confidence across the UK economy.

"While consumer spending accounted for the lion's share of GDP growth last year, there are firm indications of growth becoming more broad-based."

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