According to the CBI's latest Growth Indicator, private sector companies foresee a continued downturn in activity, projecting a weighted balance of -18% for the upcoming three months. While expectations have improved slightly since May, they reflect ongoing pessimism that has lingered since late last year. Business activity in the services sector is expected to drop significantly, particularly in consumer services. Factors influencing this negative outlook include rising employment costs and cautious consumer behavior, alongside global uncertainties such as fluctuating oil prices. The Industrial Strategy aims to address some challenges but firms are seeking further clarity to enhance competitiveness.
Private sector firms anticipate a continued decline in activity, emphasizing the persistent economic challenges driven by rising costs, cautious consumer spending, and global uncertainties.
Collection
[
|
...
]