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- UK private sector growth has slowed - CBI
UK private sector growth has slowed - CBI
The growth of the private sector fell in the three months through January, data from the Confederation of British Industry showed on Monday.
The growth rate dropped to 10 percent compared to 17 percent in December.
The picture was mixed between the various sectors during the period. Retailers reported decent growth in the previous three months, and the growth of production remained stable among producers, albeit at a slower pace. At the same time, the volume of the service sector has not changed.
In general, expectations have been growing at a level that will be maintained at the same rate over the next three months.
"While companies seek Brexit as a success, progress in improving the performance of the UK is the number one priority," said Rain Newton-Smith, chief economist at CBI.
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