Why Leeds is on the road to recovery as economy starts to bounce back - YEP Comment
It is a positive sign that our city is heading in the right direction as we continue our economic recovery from the grips of the pandemic.
Today retail experts claim economic activity in the city centre has bounced back to almost pre-pandemic levels.
According to Geolytix’s retail recovery index, Leeds has seen West Yorkshire’s biggest increase in economic activity in recent weeks – back to 97 per cent of pre-pandemic levels and significantly higher than the 73 per cent overall national average.
And a report set to go before the West Yorkshire Combined Authority adds that one in 10 jobs throughout the region were furloughed in early May – the lowest level since November last year.
These figures are another sure sign of confidence as we continue to cautiously navigate our way out of lockdown.
Now we just hope our city’s economy can continue on this positive trajectory as we wait with anticipation to see whether the latest easing on June 21 will go ahead.
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