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South East business confidence rises with increased demand for goods

14 December 2009

South East businesses are gaining confidence and are creating the highest level of new activity in over two years according to the latest survey of the private sector economy, sponsored by SEEDA.

The recent trend for increased output among manufacturers is continuing with survey respondents commenting on improved demand conditions and clients becoming more willing to carry on with projects previously put on hold due to unfavourable economic conditions, survey respondents said.

The rate of redundancies is the slowest since August 2008, when the rate of unemployment was its highest at any point in the recession.

The South East PMI (Purchasing Managers’ Index) survey is conducted among a representative panel of manufacturing and service sector companies in the region.

Paul Lovejoy, SEEDA Executive Director of Strategy, said: “The November PMI business survey is encouraging news for the region. Manufacturing has been the main driver of growth across the South East in recent months and we now look to a sustainable upturn with stronger service sector activity.

“SEEDA is committed to ensuring that the region is able to respond to the upturn from a position of strength. We provide businesses with the support they need to grow, through our in-depth knowledge of their needs and the economic conditions in which they operate.”

For media enquiries, please contact:

Scott Swinton, Media Relations Manager, SEEDA
Tel: 01483 501362
Email: scottswinton@seeda.co.uk

View the full media release here.

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