Norwich City Council have released their latest economic barometer. The report highlighted:
Locally
- Norwich based Topic Biosciences have secured a £60,000 Eastern Agri-Tech Growth Initiative grant to develop new varieties of coffee plant at Norwich Research Park
- According to a ManpowerGroup survey, employers in the East of England are ‘most likely to hire’ for the second quarter running
- Business activity at firms in the East of England grew at a slower rate, although firms are still more optimistic about their growth prospects in the coming year
- Average house price in Norwich grew by 0.4%. the average house price in Norwich currently stands at £192,080
Nationally
- UK construction sector growth slowed in March, led by a weaker rise in residential building activity
- The UK manufacturing sector had a solid finish to the first quarter. The boost to export competitiveness from the weak sterling exchange rate contributed to this
- Britain’s retailers saw falling sales in March, according the BRC, takings were down by 1%
- According to the ONS, average weekly earnings for employees rose by 2.3%, including bonuses, when compared with a year earlier
For full details of the latest economic barometer click here.
