UK companies turn gloomiest this year on growth, CBI says
UK companies turn gloomiest this year on growth, CBI says
Sun, June 28, 2026 at 11:05 PM UTC
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June 29 (Reuters) - British companies expectations for growth in the coming quarter fell this month to their lowest level this year, according to a survey on Monday that added to a run of downbeat business sentiment readings.
The Confederation of British Industry (CBI) said its gauge of expected output volumes for the next three months — which measures confidence in the manufacturing, retail and services sectors — fell to -28 from -24, its lowest level since December 2025.
The survey followed last week's S&P Global business surveys that showed the steepest downturn since January 2023 underway in the services sector, the growth engine of Britain's economy.
A separate survey from online jobs portal Adzuna showed job vacancies rose for a fourth month running.
• The CBI's gauge of growth for the past three months fell to -34 in June from -31 in May, the lowest reading since March
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• Output volumes in the services sector "fell significantly", the CBI said—with consumer-facing and business services sub-sectors both struggling
• Adzuna said advertised salaries dropped by 0.2% on the month, but were 3.8% higher than a year ago
• Graduate salaries were down 42% year-on-year, the sharpest drop on record
• The CBI Growth Indicator covered 848 companies from May 26 to June 12.
(Reporting by Andy Bruce; editing by Suban Abdulla)
Source: “AOL Money”
