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UK Private Sector Growth Softens in Last Three Months

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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

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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