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The BCC's UK Monthly Economic Review is a short briefing that will provide easy-to-use commentary on the key economic indicators for UK businesses. The report will also provide a comparison between the economic data compiled by external organisations such as the Office for National Statistics (ONS) and the BCC's own Quarterly Economic Survey and economic forecast.

November 2016 

Monthly headlines:
• Uk economy continues to grow at a moderate pace, but growth remains reliant on services
• The declining value of sterling set to push inflation higher in the coming months
• US economic growth at two-year high, boosted by stronger investment and exports  

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October 2016 

Monthly headlines:
• UK GDP growth in Q2 revised upwards, with stronger service sector output 
• BCC cuts UK growth outlook with consumer spending and invesment expected to weaken 
• UK interest rates expected to cut again by the end of 2016

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September 2016 

Monthly headlines:
• UK GDP growth unrevised in Q2, with consumer spending driving growth in the quarter
• UK set for a prolonged period of rising inflation, as the jobs market continues to strengthen
• US interest rates likely to rise by the end of 2016 despite downward revision to growth

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August 2016 

Monthly headlines:
• UK GDP growth picks-up in Q2, but the latest QES indicates weaker growth
• Bank of England cuts UK interest rates to a new record low of 0.25% and expands QE
• Eurozone GDP growth weakens in Q2, while consumer spending boosts US GDP growth

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July 2016 

Monthly headlines:
• UK GDP growth unrevised in Q1 with consumer spending likely to support growth in Q2
• UK interests rates could fall, while the Government abandons its target for a budget suplus
• Too early to gauge the economic impact of Brexit, despite financial market volatility

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June 2016 

Monthly headlines:
• Q1 UK GDP growth unrevised, amid weakening investment and a record high trade deficit
• Bank of England cuts forecasts for UK growth, with deficit reduction providing a real challenge 
• Japan avoids another recession as growth in the Eurozone picks up in Q1 

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May 2016 

Monthly headlines:
• UK GDP growth slowed in Q1 2016, as manufacturing and construction output fell
• BCC QES confims UK growth is slowing with key survey indicators either static or declining
• IMF downgrades global economic growth, as US and China GDP growth slows

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April 2016 

Monthly headlines:
• Q4 2015 GDP growth revised up by current account deficit reaches record high
• OBR UK growth forecasts downgraded amid weaker global outlook and UK productivity
• UK's fiscal outlook weakens, but OBR still predicts a small budget surplus by 2019

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March 2016 

Monthly headlines:
• Q4 2015 UK GDP growth unrevised, with the service sector continuing to support growth
• UK goods trade deficit and services trade surplus reach record highs
• India's economy outperforms China, as Eurozone growth hits four year high

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February 2016 

Monthly headlines:
• GDP growth in the UK weakened in 2015, with the construction sector back in recession 
• UK unemployment drops to ten-year low, but earnings growth continues to weaken
• GDP growth in the world's two largest economies slows, as IMF cuts global growth 

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January 2016 

Monthly headlines:
• Q3 UK GDP growth revised downwards with slower than expected service sector growth
• The Q4 2015 QES signals slower near-term growth for the UK economy
• US raises interest rates as monetary policy loosens further in the Eurozone

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December 2015 

Monthly headlines:
• Q3 UK GDP growth unrevised with net trade a major drag on growth in the quarter
• OBR forecasts steady UK growth and an improving fiscal outlook
• US GDP growth revised up, but Japan falls back into recession once again

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November 2015 

Monthly headlines:
• UK GDP growth slows in Q3 as construction output falls
• UK slips back into deflation as the employment rate hits record high
• Chinese growth drops to six-year low as the outlook for the global economy weakens

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October 2015 
 

Monthly headlines:
• UK growth unrevised with the service sector and consumer spending driving growth
• The QES for Q3 2015 signals moderate economic growth over the next year
• US interest rates kept on hold for now amid global economic uncertainty

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September 2015

Monthly headlines:
• UK economic growth in Q2 unrevised, as the trade deficit narrows and investment rises
• UK unemployment rises again, but earnings continue to outstrip inflation
• US growth revised up sharply, but China weighing heavily on global outlook 

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August 2015

Monthly headlines:
• UK economy grew by 0.7% in Q2, driven by strong output from services from oil and gas.  
• Labour market conditions in the UK weaken and inflation falls back to zero. 
• Outlook for global growth weakens amid continued concern over China & Greece.

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July 2015

Monthly headlines:
Q1 UK GDP growth revised up, driven by less pessimistic construction output figures  
Latest economic data suggests a pick-up in UK economic growth in Q2 
Eurozone economy showing signs of improvement, but Greece is on the brink

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Monthly headlines:

June 2015

UK GDP growth unrevised in Q1, weighted down by a widening trade deficit
UK slips into deflation, but a prolonged period of negative inflation remains  very unlikely
Eurozone and Japan outlook still weak, despite growing faster than the UK in Q1 

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May 2015

Monthly headlines:
Outlook for the UK economy remains strong, despite GDP slowing to three-year low
The UKs trade deficit widens, but public finances continue to improve
Global outlook remains uncertain as China and US growth slows in Q1

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April 2015

Monthly headlines:
• UK GDP revised up in Q4 reflecting stronger than expected growth in the services sector
• BCC and OBR upgrade growth forecasts, aided by falling inflation and unemployment
• UK economy remains imbalance with current account deficit at record high

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Monthly headlines:
 

March 2015

• UK GDP unrevised in Q4 with net trade and consumer spending helping to support growth
• Business investment declines at its fastest rate for six years
• A period of deflation possible in coming months, but unlikely to last

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February 2015

Monthly headlines:
UK economic growth reaches seven year high, despite slowing in Q4
Services remains the key driver of growth as construction and industrial output weakens
UK inflation drops to joint record low, reinforcing the case against an early interest rate rise

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January 2015

Monthly headlines:
Annual UK GDP growth revised down in Q3, as current account deficit reaches record high
Q4 QES indicates more growth, with most of the key balances improving in the quarter
The UK jobs market continues to strengthen as wages edge above inflation

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