UK Private Sector Growth Softens in Last Three Months

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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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.