CBI UK Economic Update
27 Mar 2017
No Sign of Imminent Slowdown From CBI Surveys
Three quarters after the referendum result, our surveys reinforce the wealth of other economic data which indicate that the UK economy is performing well. Business sentiment has improved and activity has continued to grow, buoyed by domestic demand and increasing appetite from overseas. However, the picture is mixed across sectors, and sterling-induced cost pressures are building across the economy, driving up inflation. At the very least, this is likely to push down on consumer spending as the year progresses, barring a notable pick-up in earnings growth.