The latest Purchasing Managers Index (PMI) report for the West Midlands reaffirms the declining economic outlook. Business activity and new orders fell at faster rates in February, with manufacturing particularly weak as the impact on the automotive sector is more acutely felt.
The PMI is one of the leading indicators monitored as part of the regional monthly economic outlook report prepared for the West Midlands Taskforce.
Filed under: Data, Economy & Labour Force, West Midlands | Tagged: purchasing managers index, recession, West Midlands economy, West Midlands Taskforce | Leave a comment »