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Friday, 4 February 2011

UK services growth rebounds in January

The UK services sector rebounded spectacularly last month, according to the latest Business Activity Index by the Chartered Institute of Purchasing Supply (CIPS) and Markit.

After hitting a 20-month low in December, the new report indicates that the headline index is now at its highest level since May 2010, rising to 54.5 points from 49.7, while incoming business posted its highest rate of growth since April 2010.

David Noble, chief executive at the CIPS, said the data indicates that December's slump can be largely attributed to the severe weather which affected most of the UK.

"Despite the record high manufacturing figures we saw earlier this week, the services sector is still the powerhouse of the UK economy. It is also encouraging to see that confidence for the year has improved," he explained.

Last week, the Reed Job Index indicated that there were more employment positions, including sales jobs, available in January than the previous month.

In addition, the number of vacancies rose when compared with the index's baseline score of 100 set in December 2009.

For all of the latest sales industry news visit www.aaronwallis.co.uk. If you are looking to hire in your sales team Aaron Wallis offer the UK’s most inclusivesales recruitment service which includes skills testing, psychometrics and a 12 month rebate scheme as standard. For Sales Director jobs visitwww.aaronwallis.co.uk.

Posted by John Oak and Wayne BlyADNFCR-1617-ID-800386719-ADNFCR

Source: The Sales Director News

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