According to the latest figures, business activity increased from 52.2 in April to 54.8 in May of this year, remaining comfortably above the all-important fifty mark which separates growth and contraction.
In addition to remaining comfortably above the fifty-mark, the latest figures posted are the best recorded since March 2012.
Along with highlighting the growth in business activity as a whole, the recent survey also revealed that for the first time since January last year, activity within all nine English regions increased.
The latest figures have shown that in the East of England, business activity climbed for the sixth month running; whilst Yorkshire and Humber, and London were the two best performing regions, posting figures of 57.6 and 56.4 respectively.
Meanwhile, output growth for private sector firms throughout the West Midlands increased from 49.8 in April to 53.9.
The latest data adds to the growing optimism surrounding the UK economy and businesses, following positive results from construction and service sector surveys earlier this month.
For more information, please contact Glazers, Chartered Accountants London or visit www.glazers.co.uk
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