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South West Business on the Up

Business in the South West is booming according to the results of a survey by Lloyds Bank. Their
regional Purchasing Managers Index (PMI) for December 2016 revealed a growth figure of 58.7 -
with anything over 50 representing a growth in business activity. This figure represents a thirty
month high for the south-west, putting the region in second place overall in terms of PMI growth.


According to Lloyds Bank the strong demand for goods and services which led to the positive growth
figures has also resulted in an increase in employment. However, on the negative side inflationary
pressures on goods and services have led to the highest price inflation on goods and services seen
since May 2011.


Commenting on the results, Lloyds’ Managing Director of mid-market and SME business, Tim Hinton,
said “The healthier order books suggest that the economy is starting 2017 with good momentum,
but businesses will continue to be mindful of inflation and sustained pressure on their costs.”


If you’re looking for pensions or investment advice, or if your situation has changed and you may
therefore need to review your existing investment portfolio, contact Beckworth by using one of the links on our website.