The three months to January saw private sector growth ease, according to the latest Growth Indicator from the Confederation of British Industry (CBI).
Seven hundred and fifty three respondents – from the distribution, manufacturing and service sectors – were surveyed. Their answers showed that growth had eased to a balance of +10 percent, down from December’s +17 percent figure, but similar to November’s +9 percent and October’s +8 percent.
The CBI’s Growth Indicator is made up of data on output, sales and business volumes taken from the CBI’s Industrial Trends Survey, its Distributive Trades Survey, and its Service Sector Survey.
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