Economic Overview

Economic Overview Description



Midlands Comparative Price Pressures




Today's CPI data indicates deflationary dangers increasing - PMI prices for East & West Midlands suggest further weakening prices




Midlands Output Performance




Midlands output performance mixed - West resurgent, East easing




Midlands Comparative GVA per Capita



Latest data shows the strength of value creation in the Midlands



Midlands Output Structure




Production contributes as much as 38% of the regional economy, with the manufacturing-related services sector a key area for future growth
Production contributes as much as 38% of the regional economy, with the manufacturing-related services sector a key area for future growth



West Midlands Economic Performance



To download the West Midlands Economic Performance powerpoint [Click Here]



Midlands Economic Performance




To Download the Midlands Economic Performance powerpoint [Click Here]






Midlands Comparative Economic Output




Midlands economy equivalent to 2% of European output
Midlands economy equivalent to 2% of European output



PMI Output


PMI Output


Positive quarterly GDP growth has occurred in the current quarter, with 0.1% growth. This may be only a small increase, but is still a step in the right direction.




West Midlands structural evolution of GVA




Manufacturing continues to be one of the main drivers of the local economy. However, the logistics sector also provides a significant and important component.



Structure of the West Midlands Economy



The structure of West Midlands economy, with large globally ranked producers (such as JLR, Bentley, JCB, Toyota, Rolls Royce and Alsthom) sourcing products from precision-based SME manufacturers and traditional craft industries, ensures it is comparable to the more dynamic regions of the European economy.



Latest Reports

Midlands Manifesto – Infrastructure for Growth

18 May 2015
Paul Forrest, West Midlands Economic Forum,



The West Midlands Economy - Perspectives and Potential

01 January 2012
Paul Forrest, West Midlands Economic Forum







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