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Birmingham Post
Birmingham Post
Business
David Laister

Growth cascades to 15-month low as region reacts to cost of living as post-pandemic momentum evaporates

Growth in business activity fell to a 15 month low in Yorkshire and the Humber in May.

The weak increase was described as signalling a marked loss in momentum, with easing underlying demand pressures, customer destocking and price hikes all cited as drags on new business inflows.

Trends across both manufacturing and services deteriorated over the month, according to analysis for the NatWest PMI Business Activity Index.

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