UK businesses intent on hiring at record high, new research shows
Business output rises to a seven month high as employers intend to hire more
UK firms’ hiring intentions are at record highs as business output hit a seven month high, new research shows.
Accountant and business advisor BDO said on Monday that its monthly Optimism Index, which measures how firms expect their order books to develop over the next six months, saw UK business output rise up to 100.05 in March from 99.78 in February.
It says the rise bucks the average long-term trend of 100, and is the highest reading since August last year.
Read more UK economy will be worst in G7 this year, City bosses warn Business optimism increased in March to 102.26, up year-on-year from 100.92.
The company’s employment index, which indicates firm’s hiring intentions, rose by over 4 points to 112.09 in March compared to the same period last year.
The BDO says this is the highest ever projection it has made for employment, and says the trend will continue as UK businesses invest more in peopl..