Firms report increased output during November

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.

Wednesday, 14th December 2016, 5:55 am
Updated Wednesday, 14th December 2016, 2:16 pm

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

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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.’