Orders boost private sector
Private sector activity growth accelerated to a four-month high at the start of the final quarter of 2015, according to a survey from Lloyds Bank.
The increased activity was largely driven by a significant expansion in new orders, the fastest since July, which also led to a growth in employment, the survey said. At 56.7, up from 53.0 in September, the seasonally adjusted Lloyds Bank Yorkshire & Humber Business Activity Index signalled stronger expansion in activity at the region’s private sector.
The rate of increase was the fastest since June, and quicker than the UK-wide trend for the first time in four months. The private sector’s fortunes have been boosted by success in gaining new international clients.