Region back in growth mode after early summer stutter as laggard title dropped

The region’s business activity returned to ‘modest’ growth in July after an early summer lull, with only London and the North West recording a stronger improvement in performance.
Analysis of the latest NatWest Yorkshire & Humber PMI Business Activity Index saw manufacturing and service sector output rise from an unchanged 50.0 to 51.6 last month. And output prices also saw their lowest increase since February 2021, reflecting the inflationary slowdown.
There was, however, a third successive monthly deterioration in demand monitored, with the fall-off at its quickest for six months – and at a stronger rate than seen for the UK overall. Client hesitancy, subdued market conditions and destocking were cited by survey respondents as reasons for weaker sales performances.
Read more: Heavy industry investment plots return to growth for OLG after tough few years
Business confidence did however tick higher in the latest survey period, with entry into new mar …
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