Businesses across England and Wales reported another month of solid growth in November, with output levels and employment both rising at faster rates, according to the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI) survey. The PMI for England rose to a ten-month high of 55.8 up from 54.9 in October. A reading greater than…
The UK service sector registered a fall in business activity in July, according to the latest PMI survey data from IHS Markit and CIPS. Output and new business both declined for the first time in over three-and-a-half years and at the fastest rates since early-2009. Consequently, employment in the sector was unchanged since June, ending…
Output growth remained subdued across England and Wales in May, according to the latest Lloyds Bank Regional Purchasing Managers’ Index. The weakness reflected a deteriorating trend in the flow of incoming new work, with job creation slowing as a result. The business activity index for England – which tracks changes in the combined output of…
Growth in output and employment was slightly higher in March compared to February, but the first quarter of 2016 as a whole was the worst in almost three years, according to the latest Lloyds Bank Regional Purchasing Managers’ Index. The business activity index for England – which tracks changes in the combined output of manufacturing…