Summary of economic conditions
In the South East 7,161 new businesses started up in February 2011, 282 more than the previous month, and 15% more than in February 2010, according to BankSearch.
Business services & finance
The ONS GDP Quarterly National Accounts report that services output decreased by 0.6% in Q4 2010, compared with an increase of 0.6% in Q3 2010.
Uncertainty in the sector is reflected in the number of new business start-ups. According to the latest figures from Banksearch, of new start-ups in the South East 0.2% were in the Activities Auxiliary to Financial Intermediation sector; 0.1% in Insurance Companies and Pension Funds; and 0.3% in Financial Intermediation. In comparison, 31% of all companies in the South East are in the Financial and Business Services sector.
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Article by South East England Development Agency.
Data partially sourced from the BankSearch Business Start Up Interactive Database.