Business activity picks up across regions

The vast majority of regions across England saw increased business activity in January, meaning it was the best all-round performance since last September. Eight out of nine English regions saw activity increase as only the North East bucked the trend and saw a weaker performance, according to a business monitor. The news was especially positive as increased activity came despite snowfall causing major disruptions and also hints at a broader recovery across the country, rather than growth being solely focussed on London and the South East. Yorkshire & Humber saw the strongest performance of the regions, whilst the North East was said to have been affected by falls in manufacturing output.Richard Leathley, Corporate Manager for SBF, said: “To see business activity increasing across large parts of the country, not just across the South East, is certainly positive news and increases the chances of the UK avoiding a triple-dip recession”. “Hopefully such news will help businesses up and down the country become more confident and optimistic that the UK economy is beginning to strengthen”, he concluded.

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