Skip to content
SJD Accountancy
Join Now
Join now
Sorry, we're closed

0123456789

  • Contractor Services
    • Our Services
      • Accountancy Packages
        • Compare Services
        • Essential
        • Premium
        • Elite
      • Company Formation
      • Switching Accountant
      • Tax & Audit Services
        • Self Assessment
        • Questionnaires
      • Insolvency Services
      • IR35 Contract Reviews
      • Special Offers
    • Partner Services
      • Umbrella
      • Business Insurance
      • Contractor Mortgages
      • Wealth Planning
      • Health Insurance
      • IPSE Membership
      • Rewards
  • Contractor Resources
    • Contractor Library
    • Top Guides
      • The Contractor’s Guide
      • Limited or Umbrella. The Ultimate Guide
      • Complete Guide to IR35
    • Contractor Tools
      • Limited Company Name Generator
      • Compare Your Day Rate
      • Gender Pay Gap Tool
    • Contractor Calculators
      • Take home pay
      • IR35 calculator
    • Becoming a Contractor
      • Permanent to Contracting
      • How to contract
      • Contractor earnings
      • Contracting in the UK
      • Umbrella take home pay
      • Limited or umbrella
      • Contracting through an umbrella
      • FAQ’s for new contractors
    • Existing Contractor
      • Expenses
      • Taking money out your company
    • Financial Advice
      • Business banking
      • Contractor and business insurance
      • Contractor pensions
      • Contractor mortgages
      • Off-Shore
    • Understanding Legislation
      • IR35
      • Flat Rate VAT scheme
  • About
    • Company
      • About SJD
      • Contact us
      • Careers
      • Terms of Business
      • Terms & Conditions
      • Privacy Policy
    • News
  • Clients
    • Refer to SJD
    • SJD Online
Search Search

SJD Accountancy > News and Opinion > Positive news for contractors in the service and engineering sectors

SJD Accountancy > News and Opinion > Positive news for contractors in the service and engineering sectors

Positive news for contractors in the service and engineering sectors

Author
Written by:Digital
< 1 minute
Published: December 18, 2018 Updated: November 21, 2018
  • Twitter
  • Facebook
  • LinkedIn
  • Email

Good news this month for the service sector and the engineering sector, with both showing positive growth – according to the latest Markit/Chartered Institute of Purchasing and Supply (CIPS) Purchasing Managers Index. Levels of activity in the service sector in December were at their highest since July of 2011, while the engineering sector grew across all three categories – civil engineering, housing and commercial. This is the first time that growth in all three areas has been seen since March 2011.

Commenting on these figures, Chris Williamson, Markit’s chief economist, said “Service sector companies reported surprisingly buoyant business conditions in December, with activity and new business growing at the strongest rates since July. The December survey rounds off a reasonable fourth quarter for the service sector, which is likely to again provide the main stimulus to overall economic growth.” Overall uncertainly in business confidence and hiring plans seems to be having a positive effect for contractors, as they continue to provide a low-risk but experienced alternative to full time employees, for businesses that need to maintain capacity and deal with skills shortages.

Please visit our Contractor News page for all other news. To discuss this story further visit our SJD Accountancy Blog.

Related Articles

The Six Steps You Need to Take to Become a Contractor in 2021
Contractor Advice
2021 Self Assessment Tax Return Checklist
Contractor Advice
Contracting in 2020
SJD Accountancy
How Contractors Can Market Their Business and Win Work During Lockdown
Covid-19
Spending Review round-up: What it means for Freelancers and Contractors
Budget
How to Protect Your Business During Lockdown
Covid-19

Back to top

Contact Us

  • 0123456789

Useful Links

  • Terms & Conditions
  • Recruiters
  • Privacy
  • Slavery Statement

New Business Hours

Monday - Thursday8:00 AM — 8:00 PM
Friday8:00 AM — 7:00 PM
Saturday10:00 AM — 4:00 PM
SundayClosed

Copyright SJD Accountancy 2021. All rights reserved. SJD Accountancy Ltd is a company registered in England & Wales. Company Registration Number 06277058.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.