Month was good for business

A Ryanair plane. Picture: Wiki Commons (labelled for reuse)

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FIRMS in the south east enjoyed an increase in business activity and continued to create jobs in January despite a slight slowdown in overall economic growth, according to the latest Lloyds Bank Regional PMI.

The south east PMI fell to 55.3 in January from 56.8 in December – above 50 signifies growth.

Data showed growth of new orders and output remained strong, despite the rate of expansion easing since December.

The weakness of the pound had an effect on input costs, while firms also highlighted higher fuel prices.

The Lloyds Bank PMI is based on responses from manufacturers and service providers about the volume of goods and services produced in January.