London: British companies continued to grow modestly in the three months to November and are expected to keep up that pace into 2017, a survey showed yesterday, chiming with a resilient picture for the British economy so far since June’s EU referendum vote.
The survey by the Confederation of British Industry showed private sector growth gathered a little bit of speed compared with the three months to October.
Retailers and consumer-facing firms said sale volumes edged higher, reflecting how many British households have continued to spend after the Brexit vote in June.
But for manufacturers, growth slowed and the outlook remained sluggish as cost pressures linked to the post-referendum fall in the value of sterling caused many companies to worry about inflation.