Spare capacity and inflation – speech by Martin Weale

In a speech given to the Northern Ireland CBI in Belfast, Martin Weale outlined the factors he believes are most important for assessing inflationary pressure in the economy. He focussed on two areas of the economy where inflationary pressure can build and which MPC action can influence

Steady growth in UK retail sales – CBI

Retail sales continued to grow steadily in the year to May, for the sixth consecutive month, although at a slower pace than in April, according to the CBI’s latest Quarterly Distributive Trades Survey. The survey of 136 firms showed that retailers expect a faster rise in sales next month, and exp…

CBI: Strong outlook for UK manufacturing sector

Activity in the UK manufacturing sector remained solid in May, and output is expected to rise strongly in the next three months, the latest CBI Industrial Trends Survey shows. Output volumes continued to grow at the same rate as in the previous two months, and with stronger growth anticipated for…