Business Growth Expectations Remain Weak - Credit Connect

Private Sector Growth Expectations Remain Weak

Private sector companies expect activity to fall at a firm pace in the three months to September (weighted balance of -18%), according to the CBI’s latest Growth Indicator. Expectations are less negative relative to May, but extend a period of pessimism that began late last year.Business volumes in the services sector are anticipated to decline (-14%), driven by expected falls in both business & professional services (-10%) and consumer services…

Business growth expectations remain weak - Credit Connect

A survey from the Confederation of British Industry (CBI) indicates that private sector businesses anticipate a decline in activity over the next three months. The companies expect activity to fall at a firm pace in the three months to September (weighted balance of -18%). Expectations are less negative relative to May, but extend a period of pessimism that began late last year. Business volumes in the services sector are anticipated to decline …