Tuesday, 13 November 2012

Growth in Wales tops league

The key findings of the latest Lloyds TSB Wales PMI® complied by Markit says:
  • Business activity grows at fastest rate since February 2011
  • Improvement backed by stronger gain in new business and backlog clearance
  • Input price inflation at five-month high

The Markit press release says: "The latest PMI survey signalled that the recovery in the Welsh private sector economy gained momentum at the start of the fourth quarter. Wales posted a faster increase in private sector output than all other UK regions, and new business growth was the fastest in 20 months. On a less positive note, employment fell slightly and input prices rose at the strongest rate in five months.

Though this may be only a small silver lining on the dark clouds fast approaching.

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