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Tuesday, 15 March 2011

Private sector output 'accelerated in February'

Output in the private sector accelerated at its fastest rate since June 2007 last month, according to the latest Bank of Scotland Purchasing Managers' Index.

The February report shows that firms continued to recover from weather-related disruption and also began to raised staffing levels, including employing people in sales jobs, for the first time in four months.

According to respondents, the rise in employment defied the slight reduction in overall levels of outstanding business in February, with manufacturing panel members reporting that a reduction in backlogs accumulated during December was a key reason for this.

Donald MacRae, chief economist at Bank of Scotland, commented: "This is a welcome second month of growth in the private sector following the winter downturn. Crucially, the services sector expanded with all three sub-sectors experiencing growth."

Meanwhile, the latest Markit/Chartered Institute of Purchasing & Supply UK Manufacturing Purchasing Managers Index revealed that jobs growth in the manufacturing sector, including sales recruitment positions, rose to a record high in February.

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Posted by Wayne BlyADNFCR-1617-ID-800463062-ADNFCR

Source: The Sales Engineer News

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