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Birmingham Post
Birmingham Post
Business
Tom Pegden

East Midlands economy looking up according to monthly NatWest business survey

Bosses across the East Midlands have reported the first upward shift in demand since last May, according to a new survey.

The monthly NatWest PMI survey for suggested business confidence in February was at its strongest since last April, as inflationary pressures started to soften.

Businesses said orders were improving and supply chain bottle-necks that had been hampering productivity since the global Covid lockdowns also seemed to be easing. However, the rate of growth was slower than the UK and long-term averages.

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