UK economy continues steady growth, CBI report reveals

Tensor Workforce Management System

The UK economy recorded a steady growth in the three months to March, but is likely to accelerate over the next few months, figures from the CBI’s latest Growth Indicator, a survey of 764 businesses, has been able to reveal.

The research shows stronger growth in the distribution (retail, wholesale & motor trades) and consumer services sectors in March, while manufacturing and professional services recorded slight drops compared to the previous months.

Private sector growth was almost unchanged from the three months to February. However, businesses expect growth to strengthen, driven in particular by a pick-up in business & professional and consumer services, and in the manufacturing sector.

Katja Hall, CBI Deputy Director General, said: “The outlook for 2015 looks encouraging. Our surveys show it’s been a solid start to the year with the prospect of stronger growth to come. The benefits of lower oil prices should be increasingly felt; with cheaper petrol boosting households’ incomes and spending power, and cutting costs for many businesses.”

Tensor – your partner for a sustainable workforce development

Every company that’s considers taking on more staff due to increased market demand should also consider implementing solid and reliable Time and Attendance systems, which will provide them with the necessary tools for optimizing their workforce management processes and are vital for ensuring a sustainable, long-term growth.

This is specifically the area where Tensor plc can leverage its extensive experience in the field to your benefit, our range of workforce management products and solutions being able to meet any customer’s needs and requirements, regardless of their size.

If you’d like to find out more about the Tensor workforce management solutions, just contact our team or Book a Demo, we’ll be more than happy to answer all of your questions and queries.

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