Archives for Welsh Economics

Welsh Business on the up…

Welsh firms reported higher output last month as business activity rose at its fastest rate for a year, according to new figures. According to the latest NatWest Wales PMI data, private sector firms registered a faster expansion in output during February. That said, new business grew at only a marginal rate as client demand softened midway through the first quarter. A sharper upturn in activity led firms to raise their payroll numbers at the quickest pace since December 2018, as the reduction in backlogs of work remained strong. Slower new order growth led companies to moderate their output expectations slightly from January’s
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