UK growth improves, as price pressures mount19 Nov 2021 08:30
12 out of 14 UK sectors reported output growth in October, the highest since July, with hospitality businesses recording the strongest rise for the second month in a row.
Jeavon Lolay, Head of Economics and Market Insight, Lloyds Bank Commercial Banking, said: “After a brief summer slowdown, the UK recovery regained some momentum at the start of the fourth quarter. However, while encouraging, the headwinds from supply chain disruption and brisk input price inflation are proving both more persistent and stronger. Many firms are currently preoccupied managing continuing pressures on their capacity and bottom lines.
“It suggests that inflationary pressures are likely to continue to intensify in the coming months. This could further dent consumer confidence and restrain household spending, the mainstay of the recovery so far.”
https://www.lloydsbankinggroup.com/media/press-releases/2021/lloyds-bank/october-2021-recovery-tracker.html