British businesses predict the strongest rebound in output in more than a year o...
Workers cross London Bridge during the morning rush hour in London, August 16, 2017. REUTERS/Toby Melville
The Confederation of British Industry said its monthly output expectations gauge - based on responses to its surveys of manufacturers, retailers and the service sector - rose to +12 in January from +1 in December, its highest since September 2018. “It’s great to see business confidence improve but it remains to be seen whether this will feed through to activity,” Rain Newton-Smith, the CBI’s chief economist, said.Britain formally left the European Union at 2300 GMT on Friday, starting an 11-month transition period during which Prime Minister Boris Johnson wants to negotiate a trade deal.
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