Coronavirus Business Impact Recovery UK Report
Coronavirus Business Impact Recovery UK Report
Business Activity In The UK Is Bursting Out All Over
Looking at some businesses on the High Street you can see some that are now busier than they ever have been. Restaurant and Cafe owners are striving to get back into busy and recover from the coronavirus pandemic in the UK. It is not just the restaurants and food outlets.
Growth in the UK private sector has exploded into life. The Composite Purchasing Managers Index PMI from IHS Market for July notched up a 5 year high way faster than the gloomy economic forecasters were anticipating. Its early days but if the whole private sector can continue to trade at anything like this level of business activity then thousands of jobs can be saved and a V shaped economic recovery by October 2020 is very much on.
The Services sector has exloded into life but the manufacturing sector is chipping in with its fastest UK manufacturing output in July since November 2017. Manufacturing is again growing in the UK. To sustain the UK recovery and protect jobs the UK consumer needs to demand more and that means spend spend spend the money that has been squirreled away during the first couple of months of the pandemic in the UK. Go on holiday eat out and buy new stuff to save and create hundreds of thousands of jobs!