Lloyds TSB England Regional PMIs Private sector output growth slowed in December across the majority of English regions.
17 January 2011
Today’s release of Lloyds TSB regional Purchasing Managers’ Index™ (PMI™) data indicated that private sector output growth slowed in December across the majority of English regions. The slowdown was centred on the service economy, with a number of firms suggesting that unusually bad weather conditions had an adverse impact on client demand at the end of 2010. Meanwhile, a strong recovery in manufacturing production continued in December, helping place the West Midlands at the top of the regional growth table for the first time since September 2007. The weakest performing regions in December were the North West and South East, where business activity increased only fractionally over the month.