The latest CBI Growth Indicator is based on the survey of 748 respondents, bringing together economic-activity survey data across the manufacturing, retail and service sectors, showed the pace of growth was broadly stable, having weakened over the last two months.
The number of firms reporting a rise in output was +13 per cent, a shade below the +14 per cent reported last month but above the long-run average of +5 per cent.
“Growth was mainly driven by the business and consumer service sectors with manufacturing remaining one of the more sluggish sectors in the economy and distribution taking a hit,” CBI said on its website.
For the next three months, expectations are the weakest in the last two years at + 17 per cent, but well-above the average of + 10 per cent.
“Growth in the economy is steady this month, but momentum is slower than in the first half of the year,” said Rain Newton-Smith, CBI director of Economics.
“Business and consumer services are stoking the economic fire, but while manufacturing has seen a modest improvement, firms in the sector are still expecting to see a fall in output,” she added.
According to her, “The main risks to the UK economy still stem from outside, particularly fragilities in emerging markets and the potential for global financial market volatility.” (RKS)
Fibre2Fashion News Desk – India
Textiles | On 24th Sep 2018
Considering the requests made by the stakeholders in the fabric...
Apparel/Garments | On 24th Sep 2018
E-commerce companies in India will have to deduct 1 per cent tax...
Textiles | On 24th Sep 2018
The strength of the economy and demographic trends are the main...
Mangalam Industries Pvt Ltd
‘The manufacturing sector is improving day-by-day, becoming better in...
Bridalwear is not about reds and whites anymore
Vidhyaa Shankar. S
A Ganapathi Chettiar
'The usage of knits is getting into the boundaries of woven fabrics'
Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...
Divyam Export, launched about 30 years ago, exports to 15 countries,...
Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....
Focusing on bold patterns and colour palettes, Luis Quijano, a student at...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)
A team of researchers from the State University of New York (SUNY),...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...