Weekly Economic Briefings - Uk Weekly Economic Briefing
The week offered some glimmers that a rebalancing in economic activity away from consumption and towards production and exports may be in train. Manufacturing output jumped in December and net trade appears to have a made a positive contribution to output in Q4. Meanwhile, the latest evidence on consumer spending has been less upbeat. With a likely consumer slowdown in prospect, the data on production and exports provides some reassurance that sectors which had previously been struggling may provide a cushion for activity this year.
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