The key findings of the latest Lloyds TSB Wales PMI® complied by Markit says:
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.
- 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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