Private sector output in Wales has improved slightly but remains in negative terrain, according to the latest research from NatWest.
Its seasonally adjusted Wales business activity index, that measures the month-on-month change in the combined output of manufacturing and service sectors – registered 49.8 in November, up from 49.1 in October to signal broadly unchanged levels of output. Anything below 50 denotes contraction.
The improved position was linked to a less marked contraction in new business. Alongside firms in the north east of England, Welsh companies registered the joint highest headline index reading, with the UK average indicating a modest decrease in business activity.
