Tech continues to lead economic recovery
Hiring in Britain’s tech sector is almost at its highest for over three years and outpaced the private sector according to a report by KPMG and Markit.
The TechMonitor UK survey tracks hiring intentions and business activity.
In the first quarter of 2014 hiring intentions rose to 56 (figures over 50 show growth). This was comfortably above the overall private sector average of 53.7.
Business activity reached 60.0 in March, well above the 50.0 no-change threshold and close to the ten-year high of 60.9 recorded at the end of 2013, revealing business activity growth in the tech sector outstripped the UK economy as a whole.
Despite recent downturns in tech stocks, KPMG’s Head of Technology Tudor Aw said the longer term outlook is positive:
The data in this report point to a UK tech sector that is in rude health, and increasingly optimistic in its outlook on business activity and recruitment plans
More positive news for Tech Britain
This news comes after a series of positive reports and surveys demonstrating the resilience of Britain’s tech sector.
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