Lloyds TSB England Regional PMIs
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English regions stumble into second quarter.
April witnessed a reversal of the English regional growth upturn seen in the previous month, according to the Lloyds TSB regional Purchasing Managers’ Index® (PMI®), which was published today. At 52.6, down from 55.3 in March, the index measuring overall private sector business activity in the English regions was the lowest since November 2011, but still above the 50.0 mark that separates expansion from contraction. The moderation in output growth was replicated across all the regions monitored in April, with the exception of the North East where lower levels of business activity were recorded for the second month running.
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