World Economy

UK Companies Growing

UK Companies Growing UK Companies Growing

British companies continued to grow modestly in the three months to November and are expected to keep up that pace into 2017, a survey showed on Sunday, chiming with a resilient picture for the British economy so far since June’s EU referendum vote, Reuters reported. The survey by the Confederation of British Industry showed private sector growth gathered a little bit of speed compared with the three months to October. Retailers and consumer-facing firms said sale volumes edged higher, reflecting how many British households have continued to spend after the Brexit vote in June. But for manufacturers, growth slowed and the outlook remained sluggish as cost pressures linked to the post-referendum fall in the value of sterling caused many companies to worry about inflation. “It’s encouraging to see that growth in the private sector continues to perk up, and that steady growth is expected as we head into 2017,” Rain Newton-Smith, the CBI’s chief economist, said in a statement.


Add new comment

Read our comment policy before posting your viewpoints