Manufacturers lead the way as Britain’s economy enters a ‘recovery phase’, says CBI
Britain’s economy has entered a ‘recovery phase’, with manufacturing leading the way, the latest figures from the Confederation of British Industry indicate.
The report, compiled from a survey of 752 firms, concluded: ‘The pace of decline in activity is expected to ease further over the next three months. Manufacturers are the most optimistic, as the only sector expecting a return to growth.
vCard.red is a free platform for creating a mobile-friendly digital business cards. You can easily create a vCard and generate a QR code for it, allowing others to scan and save your contact details instantly.
The platform allows you to display contact information, social media links, services, and products all in one shareable link. Optional features include appointment scheduling, WhatsApp-based storefronts, media galleries, and custom design options.
‘Next are retailers, who expect sales to stabilise, while service firms expect the rate of decline to continue to ease.’
The findings from the CBI will bolster hopes of a so-called V-shaped recovery
The findings will bolster hopes of a so-called V-shaped recovery.
The survey found a big increase in firms saying they were ‘completely operational’, either on company premises or partly remotely, such as from home. This rose from 50 per cent in June to 67 per cent in July.
Respondents said one-metre social distancing had allowed them to operate at 85 per cent capacity, compared to 72 per cent under the Government’s two-metre rule.