Norwich Economic Barometer – January 2019

  • Norwich City Council have released their latest economic barometer

Norwich City Council have released their latest economic barometer. The report highlighted:

Locally

  • Castle Mall Shopping Centre are looking to welcome PureGym and a bowling alley in the next few months
  • Profit warnings from stock-exchange quoted companies from the East of England rose in the last year
  • Norwich is now in the top 10 least affordable cities for housing according to a Lloyds Banking Group Report
  • Norwich Market was named the best large outdoor market in the country in the Great British Market Awards 2019

Nationally

  • The Bank of England expects growth this year to be the slowest since 2009
  • Business growth activity in the tech sector declined towards the end of 2018, with Brexit and global trade frictions being cited
  • The British Retail Consortium (BRC) reported sales increases in January for their members – helped by higher spending on food and New Year price cutting.
  • Manufacturing had lacklustre output and new orders slowed at the start of 2019

For full details of the latest economic barometer click here.

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