Business activity in the East Midlands continued to fall in November, with new orders down and costs up, according to NatWest.
The bank’s monthly survey of industry leaders suggests the region also saw the first recorded decrease in employment since January 2021 – echoing latest Government figures – which was put down to growing redundancies and people leaving not being replaced.
The monthly East Midlands PMI Business Activity Index suggested the region suffered an economic decline last month that was only outpaced by Scotland, the South West and Northern Ireland.
