Norwich City Council has released their quarterly economic barometer. This quarter shows the economy of the eurozone grew by just 0.1% in the July-to-September period, which was down from 0.3% growth in the previous quarter. Whilst the Office of National Statistics reported that the number of unemployed people in the UK fell by 48,000 to 2.47 million in the same period. Firms in this region took on more staff during October and the rate of job creation was the fastest since March 2007.
However, the gap between imports and exports was at its widest for over a year. The trades goods deficit widened from £9.557 billion in August to £9.816 billion now. Mild weather adversely affected the sales of winter clothing, which may account for the fall of 0.7% in retail sales volume. To read more, the full Norwich Economic Barometer is attached.
