The economic recovery is becoming more entrenched, with GDP confirmed as having grown by 0.7% in Q2 and expansion evident across all three main sectors of the economy. Meanwhile, sentiment has risen to levels not seen since the late 1990s. And although September’s CIPS surveys softened slightly on their very high August levels, they still point to the economy growing by over 1% in Q3. The surveys also continue to suggest that output growth is outstripping rises in employment. So a productivity-led recovery looks in train, which should hold back falls in unemployment and keep interest rates low for some time to come.
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 gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services