Skip to main content

Economic activity holds up in Q2

Ben Jones Lead Economist, CBI

We look at what new GDP and labour market statistics tell us about the economy.

18 Aug 2023, 3 min read

UK GDP grew ahead of expectations in Q2 2023, thanks in part to a strong performance in June, underlining the resilience of the economy during the first half of 2023 in the face of rising prices and interest rates. A slowdown in the rate of inflation will support household incomes and spending during the second half of the year, but the economy is likely to remain stuck in a low gear as the impact of the higher interest

Exclusive My CBI member-only content Exclusive My CBI member-only content

Already a member? Sign in
  • Access a member exclusive site

    Access a member exclusive site

    CBI members benefit from the latest economic and political intelligence, thought leadership, practical guides and other exclusives - all on one digital platform

  • Make informed business decisions

    Make informed business decisions

    Scan the horizon and anticipate risks and opportunities, from economic downturns to policy change, with unparalleled intelligence from our experts

  • Gain ideas and inspiration

    Gain ideas and inspiration

    Share challenges and ideas with – and borrow brilliance from – a community of business leaders and experts, and grow your profile among peers

Become a CBI member

My CBI is packed with the latest intelligence and policy updates, as well as inspirational thought leadership and helpful guides designed to support your business to grow. Become a CBI member today to gain access. 

Become a member