Norwich Economic Barometer – March 2019

  • Norwich Economic Barometer highlight key trends in local economy
  • Norwich City Council's latest economic report has been released

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

Locally

  • Norwich is officially the UK’s first sharing city – encouraging people and businesses to help each other for the common good
  • A new Offshore Wind Sector Deal has been announced for east Anglia, which would see investments of £250 million in this region
  • Business hiring intentions in the East of England rose in February
  • The number of active businesses across the East of England increased by over 9,000 in the year to January 2019

Nationally

  • UK inflation fell to a two year low, dragged lower by falling energy bills and fuel
  • Purchasing activity rose as manufacturers continued to implement plans to mitigate potential Brexit-related disruptions
  • UK construction recorded dropping activity levels – ending a ten-month period of sustained expansion

For full details of the latest economic barometer click here.

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