Business activity is down for a third straight month as demand continues to weaken across Yorkshire and Humber.
The reduction also brought a first fall in employment for the first time since January 2021 as cloth is cut accordingly.
The headline NatWest Yorkshire & Humber PMI Business Activity Index – a seasonally adjusted barometer that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – was unchanged from November's 22-month low of 48.7 in December. And it was slightly below the UK average of 49.
