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CBI Economic Brief: July 2021

Published on: 25 August 2021

Economic Briefing

Your July guide to the UK economy outlined by the Confederation of British Industry (CBI), a not-for-profit membership organisation that speaks on behalf of 190000 businesses.

Recovery continues as the economy opens back up

The economic recovery has continued to make progress over recent months as the roll-out of COVID-19 vaccines has allowed restrictions to gradually lift across the UK. Although the rebound lost some steam in May, GDP has now recovered to 3.1% below its level in February 2020. The stronger outlook for the UK economy…

CBI forecast expects strong GDP rebound

The UK economy has seen activity start to recover in recent months as COVID-19 restrictions have gradually eased. Despite slower GDP growth in May…

Supply challenges come to the fore as demand picks up

Many firms are dealing with acute supply challenges and (related) price pressures as demand ramps back up. Disruption in global supply chains…

Rising infections raise near-term uncertainties

The UK government has confirmed that step four of England’s roadmap towards unlocking will go ahead on 19 July, which will remove…

Key statistics: Sector spotlights

Consumer, business & professional services
Business volumes in business and professional services continued to see strong …
Key sector statistics:*

Manufacturing
UK manufacturing output volumes in the three months to June grew at the…
Key sector statistics:*

Retail, wholesale and motor trades
Sales were seen as good for the time of year in June, to the greatest extent since November 2016. Grocers continued to see…
Key sector statistics:*

Financial Services
Business volumes over Q2 grew across the financial services sector at the fastest pace since June 2017, after stalling in the previous quarter…

*To read the full report log in to your British Marine account here.