Price pressures and a challenging economic climate restricted sales of West Midlands goods and services at the end of 2022 thereby resulting in another decline in output, according to new research.
At 48.9 in December, little changed from 48.8 in November, according to the NatWest PMI Business Activity Index, a seasonally adjusted index that measures the month-on-month change in the combined output of the region's manufacturing and service sectors.
The report highlighted a fifth successive contraction however the rate of reduction was slight overall and broadly in line with the national average.
