Norwich Economic Barometer – May 2020

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


  • Norwich food processing equipment manufacturer Fabcon Food Systems has won a six-figure contract to supply and install bespoke machinery for a seasoning and distribution line in Belgium.
  • An online platform to help engineering and manufacturing companies in Norfolk and Suffolk share employees by enabling them to move to another business during quieter periods is being set up.
  • The East of England benefitted from an 11% rise in the number of foreign direct investment (FDI) projects year on year.  The FDIs created nearly 3,000 jobs across the East.


  • UK construction companies indicated a sustained downturn in business activity during May.  Furloughed workers across their supply chains contributed to reduced activity
  • More than a quarter of the UK workforce is now being supported by the government's furlough scheme and the cost so far has reached £19.6bn
  • Total UK sales fell by 5.9 per cent compared with the previous year, dragged down by temporary shop closures

For full details of the latest economic barometer click here.

Share this

Gold Patrons & Strategic Partners