Partner Article

Signs of better times ahead

NEW data has revealed a year of continual expansion in the North East’s private sector, although the region’s output remains below the national average.

The North East PMI figures for June show that both activity and new business have risen continually over the past twelve months, with growth in both variables accelerating during the latest survey period.

However, the region’s overall output performance on average during Q2 was the weakest since the third quarter of 2009.

Meanwhile, input price pressures remained elevated, despite easing from May’s twenty-month high.

North East private sector companies increased their activity levels in June, in order to accommodate another rise in new business. The seasonally adjusted Business Activity Index posted 54.6, up from 53.8 in May.

However, output growth remained weaker than the national average, despite picking up to a robust pace.

This was posted in Bdaily's Members' News section by Ruth Mitchell .