Home / Knowledge / News / Textiles / UK private sector growth picks up in Q4: CBI
UK private sector growth picks up in Q4: CBI
06
Jan '16
Economic growth across UK's private sector picked up in the last quarter of 2015, according to the latest Confederation of British Industry (CBI) Growth Indicator.

The survey of 766 respondents, which comprises economic activity across manufacturing, retail and business and consumer services sectors, found growth improving following weaker figures reported last month.

The balance of firms reporting rising output was +20 per cent, compared with +13 per cent in November, well above the long run average of +5 per cent.

Recovering growth across the retail and wholesale sectors was buttressed by a strong year end among business and professional services, though manufacturers, especially exporters, continue to face difficult times.

Overall, the economy is expected to grow at a similar pace over the next three months (+20 per cent), well above the long-run average (+10 per cent).

“The UK economy has finished the year strongly, with business services acting as a lightning rod for growth.

“Nonetheless, there is no room for complacency in 2016 as significant challenges to global growth remain. Many emerging markets are facing a testing time, with China moving to a slower growth path and other emerging economies being buffeted by low commodity prices, capital outflows and currency depreciation,” said CBI Director-General Carolyn Fairbairn.

She said sector-wise, the picture differs markedly. While manufacturers are having a tough time, with the strength of sterling hitting their competitiveness in the Eurozone, the slowdown in emerging markets is weighing on export demand. And the North Sea industry and its suppliers are feeling the impact of falling global oil prices. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search