The British Chambers of Commerce (BCC) today publishes its Quarterly Economic Survey – the UK’s largest and most authoritative private sector business survey.
- Manufacturing output in August 2013 was -1.2% on the month, -0.2% on the year
- In the three months to August 2013, manufacturing output rose by 1.2% compared with the previous three months
- The UK deficit on trade in goods and services was £3.3bn in August, compared with a deficit of £3.4bn in July
- There was a deficit of £9.6bn on goods, partly offset by an surplus of £6.3bn on services
- BCC’s Quarterly Economic Survey for Q2 2013 shows further progress, with most key balances stronger than in Q1 2013.
- Service export deliveries balance rose to +36%, the highest level since the survey began in 1989
- UK business remains resilient, and confidence is rising, despite most balances remaining below their pre-recession levels in 2007