Private sector growth obtained from the quarter to December, as per the latest CBI Growth Indicator.
The composite measure determined by 642 respondents through the distribution, manufacturing and repair sectors showed niche of firms reporting a boost in output at +19%, in comparison with +6% while in the three months to November 2017.
Growth was broad-based, along with sectors reporting robust output volumes growth last quarter at the pace above their long-run averages.
Looking ahead, private sector growth is scheduled to go back to a far more moribund pace (+4%) on the next three months, with growth set to stall all over the services sector and then to slow in distribution and manufacturing.
Anna Leach, CBI Head of monetary Intelligence, said:?”Private sector firms are enjoying healthy activity levels as we approach 12 months end, but mediocre expectations for growth underline the continuing challenges facing companies. Persistent cost pressures will assure that inflation remains for a high level, perpetuating the squeeze on household spending, particularly impacting consumer-facing firms and retailers.”