Royal Bank of Scotland: North West Survey

Royal Bank of Scotland (RBS) latest economic activity survey shows the North East is feeling the huge strains amid the economic down turn.

The latest data from RBS PMI Report from the North West shows a further slowdown during November, Job losses went up whilst new orders, output and outstanding work all tumbled at record rates.

In November the seasonally adjusted Business Activity fell from 46.5 to 37.8. This indicated that in the North West private sector, business activity dropped sharply, with 42 percent of companies reporting lower commercial activities than in October.

Source: ldpbusiness