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North-West the only region to increase private sector output
Sep 10 2008 by Tony McDonough, Liverpool Daily Post
THE North-West was the only UK region to register a rise in output in August, according to the latest PMI Business Survey Data, produced for The Royal Bank of Scotland.
It signalled that the region continued to buck the UK trend in August, registering a solid rise in private sector output.
The seasonally adjusted Business Activity Index registered 54.2, up from 51.5 in July.
RBS economist Philip McKinnon said: “The North West private sector economy showed its hardiness in August.
“The North- West was the only UK region to register an expansion in output. However, the region could not escape the national trend of shrinking private sector workforces and sharp increases in input prices.”
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