Contact

A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

All Reports

 
May 19 2015

U.K. Service Sector Holds Key to Growth Prospects

The Bank of England recently lowered its 2015 U.K. growth forecast, while maintaining that “the outlook for growth remains solid.” Indeed, despite slower-than-expected GDP growth in Q1, some have attributed the weakness to temporary political uncertainty.

Meanwhile, given its dominance, the service sector remains critical to any economic growth, offsetting weakness elsewhere in the economy. ECRI has just updated its U.K. Leading Services Index, which is designed to anticipate cycles in the U.K. service sector, and its recent performance sheds light on the U.K.’s broader economic growth prospects.

Related News & Events

Oil Price Volatility, Recessions, U.S. Outlook

Bloomberg May 11, 2015

ECRI's Lakshman Achuthan joined Bloomberg TV to discuss ECRI's recession call, the implications of oil price volatility, the two-speed economy in the U.S., and more. More