Article MBD4 UK economic doubts grow stronger as manufacturers struggle

UK economic doubts grow stronger as manufacturers struggle

by
Katie Allen
from on (#MBD4)

Business confidence stalls as new evidence shows UK growth becoming more reliant on consumer spending

New doubts have emerged over the UK's economic outlook after new evidence that growth is reliant on household spending while manufacturers struggle with a strong pound and the fallout from a downturn in China.

UK economic growth is expected to hold up during the second half of this year but a sharp drop in business confidence in recent weeks suggests the momentum is under threat, according to a round-up of indicators from accountants BDO.

Related: UK manufacturing hit by turmoil in China

Related: Interest rates must rise 'relatively soon', says Bank of England's Martin Weale

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