Private sector output among North East business has fallen for the first time since January, a new survey suggests.
The latest NatWest North East PMI Business Activity Index – which measures month-on-month changes in the combined output of the region’s manufacturing and service sectors - showed a fall from 51.0 in May to 48.3 last month. It means the North East was one of only four UK regions to experience a contraction, alongside Wales, the East Midlands and the South West.
Meanwhile, new business fell at its steepest rate since last October, and for a second successive monthly decline. This came in contrast to the rest of the UK where new business rates increased, albeit at a slower rate.
