NewsBCC Quarterly Economic Survey

Sub-par UK economic growth even prior to EU Referendum
The survey – the biggest snapshot of how the UK economy was performing just before the referendum – shows that several key indicators remained static, or at a low ebb. Our services sector – the UK’s main driver of economic growth – saw domestic and overseas sales fall ahead of the referendum, and manufacturing sales remained at a historically low ebb. On the basis of our data we do not expect official data to record an improvement in UK GDP for Q2.