BCC: UK to Avoid Triple Dip Recession

The UK is set to avoid falling back into recession, according to the British Chambers of Commerce (BCC).   The BCC believes a strong performance by Britain’s service industries during the first three months of the year has kept the economy growing.

But a separate business survey suggests any recovery has not included the UK’s manufacturers.   The Markit/CIPS manufacturing purchasing managers’ index suggests the sector continued to shrink last month.

The index registered negative growth for the second month running, and output fell at its fastest rate since October.   The decline was blamed on tough market conditions, subdued confidence and bad weather.


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