British Chambers of Commerce UK Monthly Economic Review for August
Posted: 7th August 2014
This briefing provides an easy-to-use commentary on the key economic indicators for UK businesses. The report also provides a comparison between the economic data compiled by external organisations such as the Office for National Statistics (ONS) and the BCC’s own Quarterly Economic Survey and economic forecast.
This month’s headlines:
• UK economy grew by 0.8% in Q2 2014, driven by a strengthening services sector
• UK GDP back at pre-crisis level and UK set to be the fastest-growing G7 economy in 2014
• Weak pay growth and poor public finances remain risks to the UK’s economic outlook
