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Showing posts with label Chamber of Commerce. Show all posts
Showing posts with label Chamber of Commerce. Show all posts

Tuesday, 6 July 2010

UK economy continues to grow, says BCC

The UK economy continued to grow in the second quarter of this year, according to a survey by the British Chambers of Commerce (BCC).

The organisation, which collected data from 5,600 businesses across the country, predicted growth for the three months to the end of June of between 0.6% and 0.7%.

However, serious concerns over sustained recovery remained, it warned.

It found that the service sector presented the biggest worry.

The BCC's members reported sluggish growth in retail and services, which account for around three quarters of the country's gross domestic product.

Another, more tangible problem was the rising cost of raw materials, cited by 80% of its manufacturing members as putting pressure on prices.

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