It's Good News, Bad News Time ; City View

Summary


First, the good news. The West Midlands' private sector economy grew in July for the first time for 14 months.

According to Markit Economics, the region's PMI (Purchasing Managers' Index) put a strong spurt last month, registering 50.3 compared with 48.0 in June. Taking 50 as the median, any figure above that represents growth while any number less than 50 signals deterioration.

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Extract


It's Good News, Bad News Time ; City View

And boy, has the West Midlands seen some shrinkage in the course of this recession. The PMI index in September 200...

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