NatWest tracker shows UK regional business activity stays subdued in June, growth limited to London, South East, North East
NWG•NatWest regional growth tracker shows subdued activity across most UK regions
NatWest’s June 2026 UK Regional Growth Tracker signaled subdued business activity across most regions, with output growth limited to London, the South East and the North East.
- Business Activity Index readings: London 54.1; South East 50.9; North East 50.8; weakest Northern Ireland 43.9; Yorkshire & Humber 45.5.
- Cost pressures eased across all regions in June, with slower rises in prices charged; Wales was the only area where output price inflation was unchanged.
- New business increased only in London and the North East; Northern Ireland recorded the steepest decline in new work.
- Employment fell in most regions, while Scotland posted a marginal increase; all 12 regions saw backlogs drop, pointing to weaker capacity pressures.
