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New business placed with private sector firms in the North East of England climbs for 11 consecutive months 

The region remains top performer outside of London for February 

Wales and South West experience improved business activity

The NatWest Regional Growth Tracker Business Activity Index is the first fact-based indicator of regional economic health published each month, tracking the monthly change in the output of goods and services across the private sector. A reading above 50 signals growth, and the further above the 50 level the faster the expansion signalled. According to the latest report, the business activity index tracking the month-on-month change in the combined output for the North East manufacturing and service sectors increased from 53.1 in January to 53.7 in February, to signal an improvement for the twelfth consecutive month for the area. Outside of London, Wales and the South West also experienced improved business activity, which was reflected in their sense of optimism for the year ahead.

 

Sebastian Burnside, NatWest Chief Economist, commented: 

The North East continues to play a critical role in driving business activity for the UK in 2025. “For a year, the region has experienced continued growth, with February proving to be one of its most successful months in this period. “London is showing great resilience, extending its growth streak to 27 consecutive months. Whilst February saw Wales and the South West moving in the right direction. “But these latest figures also show the impact of higher costs and prices, with firms across the country scrutinising their staffing levels. “Nonetheless, all regions report expectations that conditions will improve in future.

Please see the regional reports in full:

 

 

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