Weekly Economic Briefings - Uk Weekly Economic Briefing
March’s CIPS surveys provided some insight into the economic impact of the “Beast from the East”, indicating a sharp deceleration in growth and a contraction in the services and construction sectors respectively. The bad weather may also have contributed to a plunge in car sales, with other erratic factors also at play. But the hit to GDP growth in Q1 should be made up in the second quarter. On an underling basis, “sluggish but stable” continues to be an apt characterisation of the economy.