Economy

Please click on the links below for monthly reports from the BCC and the Bank of England in relation to the current state of the economy.

August 2018

BCC Economic Review

 

  • UK GDP growth picked up slightly in May driven by stronger service sector output
  • Job vacancies reach new record high, but wage growth slows
  • US GDP growth hits 4-year high as the Eurozone economy slows again

 


July 2018

BCC Economic Review

 

  • Q1 UK GDP growth upgraded as construction output drops by less than previously estimated
  • UK inflation holds steady as pay growth slows
  • The BCC downgrades its GDP growth expectations for the UK economy 

 


June 2018

BCC Economic Review

 

  • UK GDP growth in Q1 2018 unrevised as business investment declines.
  • UK labour market remains a bright spot but productivity falls in Q1.
  • GDP growth slows in the US and the Eurozone as Japan’s economy contracts.

 


May 2018

BCC Economic Review

 

  • UK GDP growth slows to six-year low as construction output falls and services output weakens.
  • UK real wage growth returns to positive territory as inflation continues to slow.  
  • While US GDP growth slows in Q1, IMF upgrades its global GDP growth forecast expectations.

 


April 2018

BCC Economic Review

 

  • UK GDP growth for 2017 revised up as the current account deficit falls to six-year low.
  • The BCC upgrades its GDP growth expectations for the UK economy. 
  • US raises interest rates and the Bank of England likely to follow suit next month.

 


March 2018

BCC Economic Review

 

  • UK GDP growth for Q4 2017 revised down and the trade deficit widens amid rising imports.
  • UK unemployment rises with productivity growth at its strongest since the economic downturn.
  • GDP growth in Germany and France reach six-year highs as the global economy strengthens.

 


February 2018

BCC Economic Review

 

  • UK GDP growth picked up in Q4, driven by stronger output from the services sector.
  • The number of UK jobs vacancies reach record high as inflation eases a little.  
  • Global economic conditions continue to improve as Eurozone GDP growth reaches 10-year high.

 


January 2018

BCC Economic Review

 

  • Annual UK GDP growth revised up and the UK’s current account deficit narrows.
  • UK inflation rises above 3% as household spending outstrips income.
  • Japan records the longest stretch of unbroken GDP growth in over 20 years.

 


December 2017

BCC Economic Review

  • UK GDP growth in Q3 unrevised as business investment and the UK’s trade position weakens
  • UK interest rates rise for the first time since July 2007.
  • The OBR forecasts weaker economic and fiscal outlook for the UK amid subdued productivity.

November 2017

BCC Economic Review

  • UK economic conditions remain subdued, despite GDP growth picking up slightly in Q3 
  • BCC QES pointed to muted Q3 growth with the manufacturing boost failing to lift UK GDP growth
  • Eurozone economy continues to outpace the UK as the US economy enjoys a strong Q3

October 2017

BCC Economic Review

  • UK GDP growth unrevised in Q2, the joint weakest in the G7 and the EU.
  • While UK labour market remains a bright spot, inflation resumes its upward trajectory.
  • BCC downgrades outlook for the UK economy with the fall in sterling failing to boost UK growth.

September 2017

BCC Economic Review

  • UK GDP growth unrevised in Q2, as business investment and consumer spending slows.
  • While UK labour market remains strong, pay growth continues to lag behind price growth.     
  • GDP growth strengthens in key UK markets, including the Eurozone and the US.

August 2017

BCC Economic Review

  • UK GDP growth up slightly in Q2, boosted by stronger service sector output.
  • Inflation slows in June, while the UK jobs market goes from strength to strength.  
  • IMF downgrades its UK growth forecast as latest BCC QES points to subdued economic activity.

July 2017

BCC Economic Review

  • UK GDP growth in Q1 unrevised at 0.2%, the lowest in the G7 and the EU.
  • Retails sales fall as inflation continues to rise and wage growth weakens further. 
  • BCC forecasts anaemic growth, inflation and uncertainty likely weigh on the UK growth prospects.

For the BCCs Global Economic Review - please visit our International Trade Section - http://www.doncaster-chamber.co.uk/global-economic-review.asp

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