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Employment continues to rise.

London: Business activity advanced across all United Kingdom regions in November, led by strong growth in the North West of England and Wales, as per the latest Lloyds Bank Regional Purchasing Managers' Index (PMI).

Wales (58.3) saw a further rise in business activity after growth reached a nine-month high in October. The North West business activity index - a measure that tracks changes in total output across the manufacturing and service sectors - increased to 58.5 in November, its highest reading in over three years. The Lloyds Bank Regional PMI is the leading economic health-check of regions across the UK. A reading greater than 50 represents growth in business activity, while a reading below 50 indicates a contraction. The greater the deviation from the 50 mark, the faster the rate of change.

Other strong performances were recorded in the East of England (57.3) and East Midlands (56.0), with the latter seeing growth accelerate to a three-month high. Conversely, Scotland (50.2) saw a substantial loss of momentum as growth slowed to the weakest in eight months.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:4EUUK
Date:Dec 28, 2017
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