Lloyds Bank

Lloyds TSB England Regional PMIs

14 February 2011

Today’s release of Lloyds TSB regional Purchasing Managers’ Index™ (PMI™) data suggests that business activity across the English regions recovered strongly in January after the severe weather disruptions during December. Faster growth of output and new work was recorded in all nine English regions covered by the survey. Higher levels of private sector employment were also indicated in January, with improved labour market conditions seen in all regions except London and the North West. Meanwhile, input price inflation continued to accelerate in January, with manufacturing companies in particular signalling substantial rises in raw material costs.

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