Tag: Confederation of British Industry

CBI urges Government to boost housing market

CBI urges Government to boost housing market

The Confederation of British Industry (CBI) is calling on the Government to launch new initiatives to boost the ailing housing market, suggesting it could help economic growth. The business lobby group wants Chancellor George Osborne to launch the fresh initiatives in his autumn statement, which will be delivered later this year. In a speech to [...]

CBI: Retail sales weaken in September

CBI: Retail sales weaken in September

According to the latest Confederation of British Industry (CBI) distributive trades survey, the volume of sales on the UK High Street were lower this month versus a year ago. The figures suggest continue to be cautious about the economic outlook and rein in their spending on the back of rising unemployment, higher inflation and slow [...]

Retail outlook gloomy as sales fall

Retail outlook gloomy as sales fall

UK retail sales volumes fell in August, at the fastest pace for over a year, the Confederation of British Industry (CBI) reports. In a new quarterly survey, 46% of retailers said they had experienced falling sales in the two weeks to mid-August (compared with a year earlier) and the level of negativity registered over prospects [...]

Manufacturers optimistic on orders and output

Manufacturers optimistic on orders and output

UK manufacturers are reporting healthy order books and expectations for output growth remain above their long-run average, despite being less strong than earlier this year. New research from the Confederation of British Industry (CBI) also indicates that pricing pressures have eased following strong inflation during the first six months of 2011. Expectations for growth in [...]

CBI revises UK growth prospects

CBI revises UK growth prospects

The Confederation of British Industry (CBI) has today revised its growth prospects for the UK Economy. The employer’s group is now forecasting growth of 1.3% this year, down from its May forecast of 1.7%. Meanwhile, it is still expecting growth of 2.2% in 2012 – unchanged from its previous forecast. The CBI has also suggested [...]

Survey reveals financial sector grew in Q2

Survey reveals financial sector grew in Q2

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed business volumes grew in the three months to the end of June, albeit at a slower rate. Companies were asked how their business volumes fared in the second quarter with almost half saying volumes [...]

CBI: Retail sales growth eases in May

CBI: Retail sales growth eases in May

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers continue to be cautious about the economic outlook despite a rise in retail sales in May. The CBI’s survey established that the sales balance fell to +18 this month from +21 in April – easily beating analysts’ expectation of a reading of [...]

Survey reveals financial services sector grew in Q1

Survey reveals financial services sector grew in Q1

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that business volumes grew in the three months to the end of March. The financial services sector, which represents around 8% of GDP, has been badly affected by the credit crunch and debt crises [...]

CBI: Factory index picks up speed

CBI: Factory index picks up speed

The Confederation of British Industry’s (CBI) industrial trends survey today revealed factory orders growth picked up pace in March. The survey’s total order book balance accelerated in March to +5 from February‘s -8, easily beating expectations of a reading of -6. The reading represented the highest since March 2008, according to the lobby group. Furthermore, [...]

CBI calls for economic growth focus

CBI calls for economic growth focus

The Confederation of British Industry (CBI) is urging Chancellor George Osborne to provide a “relentless focus” on economic growth and job creation when he presents his annual budget later this month. In a letter to the Chancellor, the business lobby group said action must be taken in order to boost the economic recovery. Over recent [...]

Primark warns of challenging times

Primark warns of challenging times

Discount clothing retailer, Primark, has today warned of a slowdown in consumer spending, as Britons prepare to cut back amid rising unemployment and higher inflation. According to Primark’s parent group, Associated British Foods (ABF), “a noticeable slowing down of UK consumer demand” is evident despite strong trading in the first three months of the financial [...]

Consumer spending fears hits retailers

Consumer spending fears hits retailers

According to the latest Confederation of British Industry (CBI) distributive trades survey, retailers are concerned about consumers tightening their purse strings amid rising inflation. The CBI’s survey established that the sales balance fell to +6 this month from +37 in January - far below expectations of a +30 reading. Furthermore, retailers expect sales growth to [...]

CBI expects unemployment and inflation to rise

CBI expects unemployment and inflation to rise

The Confederation of British Industry (CBI), has today warned of a grim outlook for the UK economy. The business lobby group said inflation will remain stubbornly high and economic growth will be sluggish. It is forecasting a further rise in unemployment, with the jobless rate rising to 8.4% this year, from 7.9% at the end [...]

CBI opposed to bank break-up

CBI opposed to bank break-up

Employers’ group, the Confederation of British Industry (CBI), has today warned about the implications of breaking up the country’s banks. Its warning comes as the Independent Commission on Banking (ICB) continues to look into the possibility of splitting up the big banks - a move which could increase competition and choice among high street banks. [...]

UK Q3 economic growth figures revised down

UK Q3 economic growth figures revised down

The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.7% in the July to September period – down from its previous estimate of 0.8%. On an annual basis, meanwhile, growth was also revised down to 2.7% from 2.8%. Both figures surprised economists who had expected quarterly and annual growth to [...]

CBI revises UK economic growth forecast

CBI revises UK economic growth forecast

Employers’ group, the Confederation of British Industry (CBI), has today revised down its economic growth forecast for the UK. The group said stubbornly high inflation and public sector job cuts will slow the economic recovery with growth falling to just 0.2% in the first quarter of 2011. However, it does not expect the UK fall [...]

British factory orders see strong demand

British factory orders see strong demand

The Confederation of British Industry’s (CBI) December industrial trends survey today revealed further good news for the sector after overseas demand surged to a 15-year high. The pound gained following the news which revealed firms experiencing above normal demand from overseas was 4% - a significant improvement on the previous month’s -7% and the highest [...]

CBI names John Cridland as new director general

CBI names John Cridland as new director general

The Confederation of British Industry (CBI) has today confirmed John Cridland will take over the role as director general, when Richard Lambert steps down in January. Earlier this year, Mr Lambert said he would step down when his five-year term ends at the start of 2011. Mr Lambert has been with the lobby group since [...]

Survey reveals small manufacturers expected to raise output

Survey reveals small manufacturers expected to raise output

According to a survey from the Confederation of British Industry (CBI), small manufacturers are expecting to increase production in order to meet higher demand. The CBI survey, which questioned 382 businesses, established that a balance of 19% of firms expect to raise output - higher than the 9% balance in the previous three months, According [...]

CBI: Factory orders in sharp fall

CBI: Factory orders in sharp fall

A survey by the Confederation of British Industry (CBI) has revealed factory orders slumped in October at their sharpest pace since April. The industrial trends survey’s total order book balance fell to -28 this month, from -17 in September - lower than expectations of a reading of -19. In the meantime, the output expectations balance [...]