Last week’s CIPS activity surveys, along with the BCC’s latest quarterly survey of the UK economy, means we now have a full set of survey evidence for the third quarter of 2012. Unfortunately, the picture emerging isn’t particularly bright. In fact, evidence of any rebound in GDP in Q3 is lacking in the survey data. While we still expect a mechanical rise in GDP in Q3, following the temporary hit to output in Q2 from the extra bank holiday, underlying output appears to be stagnating or even falling slightly.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services