August's figures offer further encouraging signs, with several indicators showing improvement year on year
Many of the performance indicators improved on July and are showing higher values than August 2009. Encouraging signs are continuing to appear despite last month's less positive Index report and the uncertain economic forecasts. On August 30 the British Chamber of Commerce (BCC) upgraded its UK short-term economic prospects and forecast UK GDP growth at 1.7 per cent for this year and 2.2 per cent for 2011.
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