North East lags rest of the country in employment and business growth, says new research

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THE North East is lagging behind the rest of the country in employment and business growth, according to new research.

Figures show that the West Midlands leads the way in creating new jobs, but in our region there has been a “marginal decrease” in employment.

The Lloyds TSB Regional Purchasing Managers Index also found that business activity in the regions rose at its fastest rate in 17 months in June.

The 55.9 reading, up from 54.8 in May, showed it was continuing to pull away from the level of 50 that separates growth from contraction, the best rate since January last year.

It also showed that for the second month in a row, business activity rose in all nine English regions.

London had the best overall figure for business activity, with a reading of 58.3, followed by the North West and the West Midlands.

The North East, on 51.7, did grow, but remained the weakest performing English region.

The North West led the way on levels of new business, followed by the West Midlands, and then London.

The survey found evidence that improving business and consumer confidence, together with successful product launches, had a positive effect.