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UK business activity declines for first time in three years

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Christian Fernsby ▼ | July 8, 2019
UK factory
Britain   The NatWestt survey is the latest to suggest growing problems in the UK economy

The NatWest PMI survey, which questions business leaders in UK regions on a number of factors, fell below 50, showing a declining economy. The index fell for the first time in nearly three years.

The survey suggested companies are seeing rapid decreases in output and new orders, while job numbers also fell, due in part to a softening of business confidence.

The NatWestt survey is the latest to suggest growing problems in the UK economy, coming after national figures that suggested it was on the verge of contracting.

Sebastian Burnside, NatWest chief economist, said: “The latest PMI surveys showed that the UK ended the second quarter in contraction, though it’s encouraging to see that some regions have managed to keep their heads above water. Businesses in Wales and the North West have shown the greatest resilience to the broader economic downturn, though even here growth is running at only a modest pace."


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