Sunday 20th May 2012

Services sector drives region’s growth in April

Activity and new business in the region’s private sector rose in April driven by the service sector and employment rose at the fastest pace since June 2011, according to a survey of purchasing managers.

The seasonally adjusted Lloyds TSB East of England business activity index posted 53.4 in April, pointing to a ‘solid increase’ in activity compared to 53.8 in March and a growth rate slightly faster than the UK average. The survey said the pace of new order growth quickened but remained modest. But the rate of job creation in the region accelerated in April, as increased workloads ...

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