UK CBI survey points to better economic growth - Reuters

The Confederations of British Industry (CBI) came out with the data over the weekend, showing that the UK’s output in the 3 months to May rose to +10 versus +3 in the three months to April.

Key Findings:

The findings based on the balance of firms reporting a rise in output.

A total of 731 companies surveyed

The balance of firms who expected growth to pick up in the three months ahead -

+23 in the May survey from +13 in April.

"While there was positive news for a number of sectors, consumer-facing firms continue to feel the pinch", CBI noted.