UK economy holds steady but outlook remains weak: CBI
Growth in Britain's private sector held steady in the three months to October after weakening recently, and the inflation hit to consumers and Brexit concerns for companies mean growth will probably stay modest, an industry survey showed.
The Confederation of British Industry's monthly indicator of output for manufacturers, retailers and services companies remained at +11, its joint lowest level since June.
“Growth in the economy has remained relatively stable, although the pace of growth was a little slower than expected, particularly for retailers and manufacturers,” CBI chief economist Rain Newton-Smith said.
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