Private sector output in Wales has moved back in positive terrain with the best performance of any UK nation or region, shows latest research from NatWest.
It Wales Business Activity Index – a seasonally adjusted index that measures the month-on-month change in the combined output of the manufacturing and service sectors – registered 52 in December, up from 49.8 in November. The rise in output was the fastest since June, with companies linking the expansion to greater client demand and a renewed increase in new business. Welsh firms were the best performing of the 12 monitored UK areas and bucked the wider UK trend, which indicated a marginal contraction in output.
Anything below 50 denotes contraction.
