A senior NatWest boss has outlined why North West businesses can be optimistic despite the looming recession.
Malcolm Buchanan, chair of North Regional Board, has said that while firms' input costs and output charges have continued to rise sharply, "the fact that the rates of increase have slowed offers a glimmer of hope that underling price pressures are easing".
His comments come as the bank revealed its latest Regional PMI data for the North West.