Welsh firms see a rise in ouput over last month

WELSH businesses saw a further rise in output during June, according to the latest Cymru Growth Tracker data from NatWest, but growth in activity slowed despite a sharper upturn in new sales.

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At 50.5 in June, the headline Wales Business Activity Index - a seasonally adjusted index that measures the month-on-month change in the combined output of the region's manufacturing and service sectors - fell from 51.5 in May, to signal only a slight expansion in output at Welsh private sector firms.

Meanwhile, the rate of increase in new orders accelerated to the sharpest in over two years. Despite more favourable demand conditions, firms were less confident in the outlook for output over the coming year and registered another strong fall in employment.