Output growth in the private sector in Wales increased only marginally in July as business activity slows, according to the latest PMI data from NatWest Bank.
The Wales business activity index - which measures the month-on-month change in the combined output of the manufacturing and service sectors - registered 51.6 in July.
This was down from 53.6 in June signalling a marginal upturn in output across the Welsh private sector. Anything below 50 denotes contraction.