Modest growth in business activity for the Yorkshire and Humber region has been recorded against a backdrop of recessionary fears.
The region’s quarterly growth performance was at its weakest in over two years, however, although it contrasted with deepening contraction across the UK as a whole. The analysis in the latest NatWest Regional PMI data showed the headline Business Activity Index registering 51.4, unchanged from August and just above the 50 threshold between positive and negative.
Solid job creation was evidenced despite waning business confidence, as price pressures remain at record highs.
