Mixed news for North East business

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THE North East was one of only two regions in the UK to see industrial output fall last month, according to figures released today.

The Lloyds TSB North East Business Activity Index was not all bad news, however – employment levels rose slightly, as job cuts among manufacturers were more than offset by new posts in the service sector.

Craig McNaughton, area director for Lloyds TSB Commercial in the North East, said: “April’s survey indicated the North East remained the weakest performing of the English regions, with output and new business levels falling for the second month.

“There was some positive news, as input cost inflation reached its lowest level since 2009, while employment remained relatively resilient.”