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CBI October 2018

1/10/2018


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Economic Update for October 2018

Economic summary 

CBI surveys suggest that warmer weather has boosted growth over Q3, however these effects are likely to be temporary and are expected to unwind towards the end of the 2018

•    The underlying UK growth picture remains subdued, with conditions for consumer-facing firms
       remaining particularly challenging due to the ongoing squeeze on household incomes. In contrast, the
       strength in the global economy is expected to continue supporting manufacturing export growth
•    CPI inflation edged higher in August, contrasting with consensus expectations of a slight fall.
•    The UK economy grew by 0.4% in Q2 2018, according to the ONS’ second estimate of GDP. This was
       unrevised from the first estimate released last month.


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