Private sector growth eased in the three months to May, according to the CBI’s latest Growth Indicator, but the prognosis for the summer is good.
The survey of 721 respondents across the manufacturing, distribution and service sectors showed that growth slowed a little in comparison to April.
Manufacturing output continued to record expansion, with the retail sector and consumer services gaining a little momentum following a lacklustre start to the year.
Overall, expectations are for the pace of growth in the private sector to pick up a little over the next three months with healthy growth in manufacturing and business and professional services off-setting a slowdown in retail and falling volumes in consumer services.
That is reflected in what we are hearing from our clients, who are expressing confidence despite the turmoil in the world.
Bowe Digital offers a range of IT solutions that can help companies streamline their manufacturing processes in everything from quality control to stock management to make the very best use of the prevailing conditions.
Call us on 0191 214 1750 or email firstname.lastname@example.org to find out how.
Bowe Digital – we make I.T. happen