Latest updates and stories from Bedfordshire Chamber of Commerce and its Members

Quarterly Economic Survey: Solid economic growth likely in Q1 but inflation remains a key risk

The British Chambers of Commerce (BCC) today publishes its Quarterly Economic Survey – the UK’s largest and most authoritative private sector business survey. 

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BCC: Trade & manufacturing figures

  • 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
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QES Results

  • 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
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