Recent data from the Confederation of British Industry (CBI) indicates a notable decline in UK private sector activity, attributed mainly to weak consumer spending. The growth index fell from -23% to -27% in February, with all sectors reporting reduced business volumes. Concerns persist over future activity levels. Although slight optimism exists regarding potential manufacturing growth, consumer-facing sectors are particularly struggling. The CBI advocates for government interventions to bolster business confidence. Meanwhile, a BDO survey reveals medium-sized companies' calls for enhanced support in international trade and simplified processes.
Business activity across the UK private sector has declined recently, with weak consumer spending affecting all sectors and pulling the growth index down to -27% in February.
Despite the challenges, there are slight hopes for improvement, particularly in the manufacturing sector, but overall businesses face a tough environment, especially consumer-focused sectors.
The CBI suggests that government measures—like changes to the apprenticeship levy and increased occupational health incentives—are needed to help restore business confidence.
The BDO survey highlighted that medium-sized companies seek better government support for international expansion, including enhanced access to UK Export Finance and simpler customs regulations.
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