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Norwich Economic Barometer – July 2021

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

Locally

  • The plans to expand a city hotel could see a top celebrity chef opening his first restaurant in Norwich.
  • Around 35 per cent of Norwich’s office workers have returned to their desks in the city
  • A buyer has been found for the former Debenhams store in Orford Place – a sign of good news for the high street.
  • Norwich University of the Arts has been rated second in the world for Design Education Institution by the World Brand Design Society awards.

Nationally

  • Strong growth in output across the UK private sector being among the fastest since January 1998.
  • Manufacturing remained in a strong growth phase, with rates of expansion in output, new orders and employment among the best seen during the near 30-year survey history.
  • The recovery in UK construction output gained further momentum, with overall construction activity expanding at the fastest pace since June 1997.
  For full details of the latest economic barometer, click here.