British Chambers of Commerce quarterly economic survey:
- BCC warned of a “first alarm bell” for Britain’s rapid economic recovery
- Growth in goods exports as well as export orders for goods and services was its lowest since the fourth quarter of 2012
- Services exports grew at the slowest rate since the third quarter of 2012
- Manufacturers’ growth in domestic sales and orders slowed sharply from a record high in the second quarter to its lowest since the second quarter of 2013
- However, sales remained strong in the services sector and confidence stayed high across the board.
- “The strong upsurge in manufacturing at the start of the year appears to have run its course. We may be hearing the first alarm bell for the UK,” said BCC director-general John Longworth.
