Upgrading GDP. What effect on Foodservice?

Monday, 11th September 2023

The Beverage Standards Association brings you Peter’s Weekly Briefing every Tuesday morning.

Monday, 11th September 2023 Weekly Report
Upgrading GDP. What effect on Foodservice?

I don’t normally comment much on GDP figures – primarily because they have little direct impact on how we should interpret what’s happening in the foodservice sector. But last week the ONS revealed a significant upgrade to its analysis of GDP with the result that its estimate of the change in GDP in 2021 was upgraded from a -0.9% decline to growth of 0.6%. What does this mean for the foodservice sector?

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