Key facts
- British companies' expectations for growth in the coming quarter fell to their lowest level this year in June.
- The Confederation of British Industry's (CBI) gauge of expected output volumes for the next three months dropped to -28 from -24.
- The CBI's gauge of growth for the past three months fell to -34 in June from -31 in May.
- Output volumes in the services sector fell significantly, with both consumer-facing and business services struggling.
- A separate survey showed job vacancies rose for a fourth consecutive month.
British companies' expectations for growth in the coming quarter have fallen to their lowest level this year, according to a survey released on Monday. The Confederation of British Industry (CBI) reported that its gauge of expected output volumes for the next three months decreased to -28 from -24, marking the lowest point since December 2025.
This downbeat sentiment follows recent S&P Global business surveys indicating the steepest downturn in the services sector, a key driver of the UK economy, since January 2023. The CBI's own measure of growth over the past three months also declined to -34 in June from -31 in May, its lowest reading since March. Output volumes in the services sector reportedly fell significantly, affecting both consumer-facing and business services.
In contrast, a separate survey by online jobs portal Adzuna indicated a rise in job vacancies for the fourth consecutive month. However, advertised salaries saw a monthly decrease of 0.2%, though they remain 3.8% higher than a year ago. Graduate salaries experienced a record sharpest drop of 42% year-on-year.