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Private sector activity stabilises

Cameron Martin Economist, CBI

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

10 Jul 2023, 2 min read

Private sector activity stabilised in the three months to June, according to the CBI’s latest Growth Indicator (a composite of activity across our business surveys), ending a streak of ten successive rolling quarters in which output had fallen. The ending of the negative growth streak can be attributed to a mild expansion in services volumes, while the pace of decline in both manufacturing output and distribution sales eased.

Activity is expected to pick up slightly over the next three month

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