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Norwich Economic Barometer – March 2016

Written by Paul Vincent on .

Norwich City Council have released their latest economic barometer. The report highlighted:

Nationally

  • UK inflation remained the same in February 2016 at 0.3%
  • The Markit/CIPS manufacturing PMI fell below market expectations last month
  • New UK car sales rose to 84,000 for February.
  • The number of workers on zero-hours contracts for the main job rose

Locally

  • Aviva announced that its profits have grown by 20%
  • Building of the Quadrum Institute – a new centre for food and health research to be located at the NRP starts work this month. The anticipated opening will be in 2018
  • Primark have announced plans to expand their store front in June 2016
  • Gnaw, the handmade chocolate company has set itself a goal of adding 15 more world-wide markets this year.

For full details of the latest economic barometer click here.