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Economy in brief: December 2024

Alpesh Paleja Interim Deputy Chief Economist, CBI

Your December guide to the UK economy, giving you a monthly overview of the major trends impacting the UK's main business sectors.

10 Dec 2024, 3 min read

The economy sees a subdued end to 2024…

The economy has ended 2024 on a damp note. The CBI’s growth indicator – a composite of our monthly business surveys – showed that expectations for growth turned negative in the three months to November, for the first time in almost a year. Our data chimes with the S&P Purchasing Managers’ Index for November, which deteriorated for the third month running.

Significantly, hiring intentions in our surveys also deteriorated. Businesses now expect to reduce headco

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