Economic commentary

Quarterly Bulletin 1976 Q3
Published on 01 September 1976

Expansion continued in the second quarter, but possibly at a somewhat slower pace: the true rate of growth is, however, difficult to assess. The adjustment of stocks no longer provided, as earlier in the expansion, a strong stimulus to growth.

Though world industrial activity now seems to have slowed down to a more sustainable pace, the volume of world trade is still likely to rise strongly this year and next. In spite of a recent set-back, the prospects for UK exports thus remain favourable, and an upturn in productive investment throughout 1977 now seems more likely with signs of greater business confidence and some improvement - although from a low base - in profitability.

PDFEconomic commentary

Other Quarterly Bulletin 1976 Q3 articles

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