Yorks business growth slows

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Business activity in Yorkshire is continuing to increase, but the rate of growth is slowing, according to the latest Lloyds TSB Purchasing Managers Index report.

Service providers reported an increase in new business, while manufacturers said new orders had declined.

Private sector employment in Yorkshire and Humber increased in January and the rate of job creation was the fastest for 12 months, with companies reporting that they were taking on staff to cope with increased output requirements.

However, average selling prices fell during January.