Economy in good shape says survey

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Economic growth reached a record high in May, posting the highest reading since data began in 2003, according to the latest CBI growth indicator.

The survey of 726 respondents across the manufacturing, retail and service sectors registered record high growth in business activity, with a balance of plus 35 per cent , up from 25 per cent in April. The CBI’s growth indicator suggests the economy has continued to perform strongly into the second quarter of 2014.