The Confederation of British Industry says its monthly growth indicator hit its highest since May 2014:

  • CBI's monthly growth indicator is based on separate surveys of manufacturers, retailers and services
  • It rose to +33 in May from +19 in April
  • Highest since May 2014
  • Services companies output is up at the fastest pace since early 2006
  • Further, the CBI said businesses expected robust growth to continue over the next three months - the forward looking index is at the highest since August 2014

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