Firms report increased output during November

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FIRMS in the south east reported a rise in the output of goods and services in November, according to the latest Lloyds Bank Regional Purchasing Managers’ Index survey.

The south east PMI rose to 54.9 in November, up from 54.0 in October.

A PMI reading greater than 50 signals growth in business activity. November’s data showed firms experienced growing demand for products and services, albeit at a slightly slower pace than in the three months to October.

Ian Patterson, from Lloyds Bank, said: ‘This impressive momentum should set them up for a successful 2017.’