British Chambers of Commerce Q2 survey (quarterly survey of nearly 7,000 companies):

  • Suggests UK GDP +0.8% in Q2 2014 (vs +0.8% Q1 2014)
  • Manufacturing domestic sales index rises to highest since survey started in 1989
  • Services domestic sales index unchanged from Q1
  • Most key measures for manufacturing and services companies fell in Q2 2014, from strong levels at the start of the year

David Kern, chief economist at the BCC:

  • “The falls in all the export and investment balances act as a timely warning that although growth is stable, challenges facing our recovery still remain”
  • “Unless investment and net exports make bigger contributions to growth, the recovery could stall”