YORKSHIRE firms saw output decline last month, according to a survey out today.
The latest Lloyds TSB Yorkshire and Humber Business Activity Index – which measures the combined output of the region’s manufacturing and service sectors – showed a reduction in private sector output in October.
Although this ended a two-month sequence of growth, the rate of decline was marginal and at a similar pace to that registered for the UK as a whole.
Manufacturers continued to report a weaker output trend than service providers.
The volume of new orders received by monitored companies increased over the month.
However, the rate of growth was only slight and the weakest in the current three-month sequence of expansion.
Outstanding business at private sector firms in Yorkshire fell for the sixth consecutive month in October.
About 30% of panellists reported lower backlogs of work, with the overall decline the strongest in three months.
Employment in Yorkshire increased in October.
