Ernst & Young Says Q3 UK GDP Looks To Be In Good Shape, Big4.com Reports

Share Article

Ernst & Young’s ITEM Club Reports

Big4 Logo

Big4

Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that Nida Ali, economic advisor to the Ernst & Young ITEM Club, says there has been a very positive start to Q3 with improvements in industrial and manufacturing figures going beyond the unwinding of the bank holiday effects. Big4.com reports these figures are at odds with the much more downbeat survey data and suggest that manufacturing will contribute positively to growth in Q3.
Big4.com also notes that Ali sees the fact that output was higher than May – when there was an extra working day – is very encouraging and points to a genuine increase in output. It is even more heartening that the robust increase comes on top of chunky upward revisions to output in Q1 and Q2, which could contribute to further upward revisions to GDP.
“Having said that, the Eurozone crisis continues to cast a sizeable shadow over the outlook, and could continue to be a drag on export demand,” he says. “The struggle for UK manufacturers is far from over.”

About Big4.com
Big4.com is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space.
Big4.com has a strong presence on key social media platforms:

Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: twitter.com/big4 has 9,500 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 100,000+ members.
Facebook: The Big4 fan page has 7,500 fans at facebook.com/big4page.
Xing: The Big Four Alumni and Professionals group has 1,450+ members.

Share:        

Contact

  •     Kristy Short

Big4.com
(734) 481-0186
Email

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Kristy Short
Big4.com
(734) 481-0186
Email >
Visit website