Economic update

The BCC's Quarterly Economic Survey for Q3 2018 suggests that the current period of below average GDP growth continued into the third quarter of 2018. The proportion of firms in the manufacturing sector reporting improved exports sales declined from +24 to +19, the lowest level since Q4 2016. The latest QES also revealed that the percentage of services firms looking to recruit fell from 60% to 47%, the lowest since Q1 1993. Of those that did, 72% reported recruitment difficulties, a record high.

The number of new vehicles registered fell by 21% in September 2018 on the same period in 2017.

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