UK Economy Slows A Touch In August: CBI
One of Britain’s business lobby groups said on Thursday, Britain’s economy slowed in the three months to August, adding to expectations that the strong pace of recovery will lose a bit of its momentum in the second half of the year. The Confederation of British Industry’s growth indicator showed that private sector expansion in August had fallen to a five-month low at a balance of +21 percent, down from +29 percent in July but still above average. Momentum is expected to ease off in the latter part of the year and overall growth in 2015 is estimated at 2.7 percent.
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