The new SME Trends survey published by the Confederation of British Industry (CBI) shows that, last month, volumes of both domestic and export orders among smaller firms, including those employing people in sales jobs, rose at the fastest rate since April 1995.
Of the 414 respondents, a balance of 16 per cent of firms reported that they increased their headcount last month, which is also the fastest rate recorded since January 1995.
Lucy Armstrong, chair of the CBI's SME Council, commented: "Smaller manufacturers are enjoying strong demand, underpinning robust growth in production. Headcount has increased for the third consecutive quarter as firms try to keep up with demand, and output is expected to rise again in the coming months."
It comes after figures compiled by the Office for National Statistics showed that, following a contraction in the final three months of 2010, the UK economy rebounded to expand by 0.5 per cent between January and March this year, with output in the manufacturing sector rising by 1.1 per cent overall.
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Posted by John Oak
Source: The Sales Engineer News