Tuesday 25th June 2019
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Brighter times on the horizon for region’s private sector

Demand in the East of England's private sector stabilised in May and employment increased for the first time this year whilst the 12 month outlook for activity also brightened, according to a key survey of purchasing managers. After falling for the previous three months, the volume of new business won by private sector firms was unchanged. The NatWest East of England business activity index rose to 49.7 in May from 48.8 in April - signalling a fractional decline in output. The improvement in the region was in keeping with national trends and firms in the region saw backlogs of work fall for the seventh month running.

Having shed jobs in the first four months of the year, private sector employers recruited at a faster rate than the long-run average in May, driven mainly by service providers. Moreover expectations on output strengthened for the third month running to the highest level  since July 2018, partly linked to firms’ new projects coming on stream. Average prices charged for goods and services by East of England private sector firms rose at the strongest rate in four months.

 

Region urged to 'fight harder' to attract direct foreign investment

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Foreign direct investment in the East of England remained relatively high last year and Cambridge ranked as the 8th most attractive UK location for overseas projec...

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Call for offshore training to be recognised in tenders to avert workforce ‘crisis’

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A 'workforce crisis' is looming in the region’s offshore wind industry unless companies are recognised for their investment in training when tendering for work, accor...

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Warning to small firms on dangers of financial problems at outsourcers

Thousands of jobs and hundreds of small businesses in the region could be threatened by the financial troubles facing large outsourcing groups according to insolvency t...

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Business confidence picks up but firms remain cautious

Business confidence in the East of England picked up in April although firms remain cautious about hiring new staff, according to a business barometer from Lloyds Bank ...

Last Updated ( Wednesday, 12 June 2019 12:06 )

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