January has been a particularly good start to the year for British business, the main indicators being faster hiring and rising new orders. This bodes well for the economy moving forward in 2015.
A monthly survey (conducted by Markit/CIPS ,of businesses in the dominant services sector) suggested that the economy is growing at a slightly higher rate than was recorded in the final quarter of 2014.
Although official data has implied that jobs are being created at a much lower level in recent months, the Purchasing Managers’ Index, or PMI’s for employment in fact rose to 57.1 – it’s highest since June 2014.
We’re also seeing a slow rise in prices by service companies for goods and energy (the slowest pace since 2009), and a drop in fuel prices, meaning a cut in operating costs for many.
An overall encouraging start to the year for British businesses, and their opportunities for growth moving forward.
Read more at ‘British business surges in January, boding well for growth‘