Norwich City Council have released their latest economic barometer. The report highlighted:
Locally
• Figures pointing to an encouraging rise in research and development in the region have emerged in statistics showing a 22 per cent rise in claims for R&D tax credits in the East of England • More than twice as many business owners in the East of England would choose to recruit an older worker than a younger candidate • Five University of East Anglia (UEA) scientists have been named in the top 1 per cent of the world’s most highly cited researchers • During the month of September, average house prices dropped by 0.64 per cent in Norwich, 0.41 per cent regionally and by 0.09 per cent in England compared to the previous month.
Nationally
• October data pointed to a sustained decline in UK construction output, with overall volumes of work falling for the sixth consecutive month • UK Report on Jobs data recruitment consultancies across the UK continued to register subdued hiring trends • Visa’s UK Consumer Spending Index, compiled by HIS Markit, indicated that expenditure fell on an annual basis for the thirteenth month in a row
For full details of the latest economic barometer click here.
