Justin Zatouroff, head of business services sector at KPMG UK comments on the CIPS/IHS Markit PMI figures for the services sector.
“Today’s data suggests that business-to-business sales grew in February, helped by the improving global economic backdrop. However, stretched household budgets continue to hold back domestic consumer demand. Anecdotally, the sector’s ability to increase operational capacity was limited by a tightening labour
market plus the ongoing challenge of finding skilled workers. This trend needs to be watched closely as reduced inward migration may result in an even starker lack of work-ready talent post-Brexit.”
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