Norwich City Council have released their latest economic barometer. The report highlighted:
Locally
- Castle Mall Shopping Centre are looking to welcome PureGym and a bowling alley in the next few months
- Profit warnings from stock-exchange quoted companies from the East of England rose in the last year
- Norwich is now in the top 10 least affordable cities for housing according to a Lloyds Banking Group Report
- Norwich Market was named the best large outdoor market in the country in the Great British Market Awards 2019
Nationally
- The Bank of England expects growth this year to be the slowest since 2009
- Business growth activity in the tech sector declined towards the end of 2018, with Brexit and global trade frictions being cited
- The British Retail Consortium (BRC) reported sales increases in January for their members – helped by higher spending on food and New Year price cutting.
- Manufacturing had lacklustre output and new orders slowed at the start of 2019
For full details of the latest economic barometer click here.
