A report published last month by the Purchasing Managers Index has shown that new businesses across the Eastern region of the UK, which includes Newmarket, rose sharply throughout June, suggesting the region will avoid the dreaded ‘double dip’ some economists fear could be on the horizon.
Leading the UK as a whole for manufacturing and service output, the latest figures for the Eastern region show an increase in activity for the 14th consecutive month alongside clear signs of recovery within local areas such as Newmarket.
Glenn Athey, Director of Insight East who helped compile the report, commented: “The latest PMI results provide evidence of further recovery in demand, with output, orders and employment increasing.”
Business and local authority leaders from Newmarket are due to attend Parliament today to promote the growth shown in the East of England and Steve Sharratt, chairman of the East of England Space for Ideas Forum, will join the region’s MPs at the launch of Blueprint for Growth, a plan to take the East of England’s overall economy further forward from around £6bn to £10bn in the next one to two years.
