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CBI surveys show optimism for future output

Cameron Martin Economist, CBI

We explore what our business surveys are telling us about the state of the economy.

08 Jun 2023, 3 min read

The CBI’s latest Growth Indicator (a composite of activity across our business surveys) published 1st June found that private sector activity fell in the three months to May, continuing a streak of negative readings for the tenth successive rolling quarter. All three component sectors saw contractions, with manufacturing output, services business volumes and distribution sales all falling. Despite the weak results, activity is expected to mount a modest recovery over the next three months, largely reflecting a reviva

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