Economic growth is “still too slow”

Quarterly Economic Survey – Q2 2012: BCC

  • Domestic orders are weak: Balances measuring domestic activity have shown little net overall change, and while they are in positive territory suggesting growth, domestic activity is not yet back to levels seen before the recession in 2007
  • Exporting activity has increased: a further rise in exporting activity among both service sector and manufacturing firms
  • Confidence among businesses remains lower than before the recession in 2007
  • Fewer firms are looking to raise prices
  • 37% of all firms reported inflation as a concern.
  • Compared to Q1, the number of manufacturers concerned with exchange rates rose sharply from 38% to 52%

English Business Survey

English Business Survey, Feb 2012 – BIS

  • In England more workplaces reported higher rather than lower output in February 2012 compared with November 2011
  • A higher share of workplaces report that output was higher rather than lower in February 2012 compared with February 2011
  • The balance of expectations for output in May 2012 compared with February 2012 is positive across all regions, with the majority of workplaces expecting higher output