October brought to an end a 20-month run of business expansion in Yorkshire and the Humber, according to a key indicator.
The region’s economy slipped into contraction as the fourth quarter of the year began, having remained tentatively on the front foot as other monitored areas of the UK slipped back from August. The analysys comes from the latest regional PMI dataset delivered by NatWest’s Business Activity Index.
The seasonally adjusted barometer measures the month-on-month change in the combined output of the region’s manufacturing and service sectors, with October seeing it fall below the 50.0 no change mark, from September's 51.4 to 48.8.
