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A summary of this month’s Purchasing Managers’ Index reports – click through to your region below.
Last updated: 11 Jan 2021 2 min read
In December, there were some bright spots for UK regional business activity, but downturns continued in other areas.
Sebastian Burnside, NatWest chief economist, commented: “While December was a slightly better month than November for business activity in many regions, ongoing restrictions meant that growth in most cases was only modest, and there were even instances of a loss of momentum and sustained downturns.
“The West Midlands and Yorkshire and the Humber were the standouts in terms of business activity, having managed to regain some momentum in December, and also benefiting from good performances from their respective manufacturing sectors. In Scotland, Northern Ireland, Wales and the South West, where the travel and tourism industries play such an important role to the local economies, the data remained weakest.
“There looked to be steady progress being made on the labour market front at the end of last year, with data indicating generally slower rates of job losses and even the first instances of higher employment. However, the imposition of tougher restrictions threatens to put paid to this, and we can expect another tough period for the regional economies in the weeks, and perhaps months, ahead.”
Please see the regional reports in full: