• Economic update - 7 April 2019

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    April 09, 2019
    The results from the Q1 2019 BCC Quarterly Economic Survey suggest that UK economic conditions weakened significantly in the first quarter of 2019. The balance of services firms reporting improved export sales fell from +14 to +0, the weakest level since Q2 2009.

    Those reporting improved export orders in the services sector dropped from +9 to -2, reaching negative territory for the first time since Q4 2011. The balance of firms reporting improved cashflow has now gone into negative territory for the first time since 2012.

    UK productivity for Q4 2018 (measured by output per hour), fell by 0.1% compared with the same quarter a year ago; this is the second successive quarterly fall.
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