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The Guardian - UK
The Guardian - UK
Business
Larry Elliott Economics editor

UK firms report surge in orders amid signs of economic recovery

New homes constructed on UK building site in Derbyshire, Britain
The UK construction sector grew by 1.3% in the final quarter of 2022. Photograph: Deborah Vernon/Alamy

Britain’s businesses are reporting a spring surge in order books, boosting hopes that the economy may finally be recovering after flirting with recession late last year.

After official figures showing the UK performed slightly more strongly than originally thought towards the end of 2022, the Institute of Directors said there had been an improvement in demand, confidence, hiring and investment intentions in March.

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