Business activity in Yorkshire and the Humber rose to its highest rate in eight months in March, despite inflationary pressures on firms, a survey has found.
The latest NatWest Yorkshire & Humber PMI Business Activity Index –which measures the combined output of the region’s manufacturing and service sectors – rose to 64.3 in March, up from 63.1 in February. The expansion was one of the fastest in the survey’s 25-year history, with Yorkshire and Humber joint top of the 12 recorded UK regions.
A sharp increase in demand for goods and services provided by private sector firms in Yorkshire and Humber was sustained in March, with the expansion broadly matching that seen in the previous month. Only London posted a faster increase in new orders in March, with the service sector particularly buoyant.
