United Kingdom

Details

  • Industry: Technology
  • Type: Business and industry issue, Publication series
  • Date: 29/04/2014

Tech Monitor UK 

Tech sector job hiring and business activity outstrips rest of UK economy, according to latest KPMG/Markit Tech Monitor UK report.

Our most up-to-date source of UK tech sector data and analysis – produced with financial information company Markit  reveals several key findings this quarter: 

 

  • The UK tech sector recorded another steep rise in business activity, with growth only slightly slower than the ten-year high seen in Q4 2013 
  • Current job hiring by tech companies is close to its strongest for three years, and faster than the UK private sector average 
  • Around 58 percent of tech companies expect their business activity to rise over the year ahead, compared with only 4 percent expecting a decline 
  • Almost half of tech firms (49 percent) intend to recruit more staff over the next 12 months, while only 11 percent anticipate a reduction 
  • At +38.6 percent, the net balance of tech companies expecting a rise in employment is the highest since this series began in October 2009


If you’d like to discuss the findings, please feel free to contact me directly or feed comments back through our mailbox.

 

Tudor Aw, Partner

Technology Sector Head

 

 

 

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Tudor Aw

Tudor Aw

Partner

KPMG in the UK

020 7694 1265

tudor.aw@kpmg.co.uk