Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 15°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

East Anglia: Lloyds Activity Index approaches record level

06:00 12 May 2014

Steve Elsom of Lloyds Bank.

Steve Elsom of Lloyds Bank.

Employment in the East of England grew at its fastest ever rate last month, according to a new survey, while the overall level of economic activity was also close to a new record.

The headline Lloyds Bank East of England Business Activity Index, a seasonally adjusted index that measures the combined output of the region’s manufacturing and service sectors, rose from March’s 58.2 to a near-record high of 60.0 in April, signalling robust output growth in the region.

It is the joint second highest figure since the study began in 1997, with a marked increase in new orders, and the expansion was broad-based, with growth reported in both the manufacturing and service sectors.

April also saw a further sharp rise in order intakes, with the pace of expansion picking up since March. Around 40% of the survey panel signalled increased new business versus 14% that indicated a decline. Companies attributed higher new orders to new client wins and increased demand related to greater housing market activity.

With output and new orders rising sharply, East of England companies continued to take on additional staff, with the latest rate of job creation the highest in the survey history and above the overall UK average. Around 22% of the survey panel signalled increased employment levels, while only 6% reported a decline.

Higher staffing levels contributed to a fall in work outstanding in April. Backlogs of work were depleted for the first time in 10 months, although marginally overall. Input prices increased further during April amid reports of higher raw material prices and rising staff costs. The rate of inflation picked up slightly since March, but remained below the long-run trend.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Jenny Hill, systerms and administration manager at TA Hotel Collection, receives her Managing Director's Award from Grahame Tinnion, right, manager director of TA Hotel Collection, and Simon turner of award spnsor Sumaridge Estate Wines.

Suffolk-based hotels group TA Hotel Collection has announced the winners of its 2016 team awards during a celebratory evening held at its Thorpeness Country Club venue near Aldeburgh.

Stock image. Despite road signs saying the road is shut, businesses along the B1113 are open for business. The road closure is not in affect for more than seven miles from the point of closure at the roundabout for the Old Neton Road between Stowupland and Stowmarket.

Business owners in mid Suffolk have claimed road works scheduled to run until September will affect trade numbers over the summer months.

Rooney Anand, chief executive of Greene King

Pubs and brewing group Greene King today reported a 60% increase in annual pre-tax profits after a “transformational” year which saw it become the UK’s largest operator of directly managed pubs.

Sizewell C

The vote to leave the European Union has posed fresh doubts over the likelihood of a new nuclear power plant in Suffolk.

The Greene King name is set to appear on more pubs.

The Greene King name will be appearing on even more pubs as a result of streamlining in the enlarged group’s portfolio of brands.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24