Markit

UK Tech Companies ‘Punching Above Their Weight’

Buoyant tech sector expects rise in business activity and recruitment. The booming UK tech sector is outstripping the UK economy as a whole in terms of business activity and hiring rates, according to KPMG findings. The latest KPMG/Markit Tech Monitor UK report has found that almost 50% of UK tech companies expect to hire staff over the next 12 months. Meanwhile, the PMI Employment Index shows that current job hiring by UK tech companies is close to its strongest for three years, and faster than the UK private sector average. Business activity growth in the first quarter of 2014 was also strong, almost as fast as the ten-year high reached at the end of 2013. Improved domestic economic outlook, increased investment spending and buoyant client demand were all indicated by the findings as key... »