Menu
11/05/2015
Growth Returns To Scottish Economy - Survey
A new survey has found that Scotland's economy has returned to growth.
The Bank of Scotland's Purchasing Managers' Index (PMI) survey revealed that both employment and new business increased in the country in the month of April.
The bank's monthly PMI measures the changes in combined manufacturing and services output, and in April this was said to be 50.7. An increase from 49.4 in March. Any reading above 50 suggests economic expansion.
There was an increase in services firms winning new business due to a rise in market confidence and increased marketing, while the travel, tourism and leisure categories also enjoyed a growth. There was however, a slight fall in the financial services sector. Manufacturing also reported a decline in new export business.
Elsewhere, employment increased for the third month in a row.
Donald MacRae, Bank of Scotland chief economist, is quoted as saying: "The slowdown of the first three months of this year is slowly being reversed with both employment and new business increasing in April, suggesting a return to a more normal growth rate in the second quarter."
(JP/CD)
The Bank of Scotland's Purchasing Managers' Index (PMI) survey revealed that both employment and new business increased in the country in the month of April.
The bank's monthly PMI measures the changes in combined manufacturing and services output, and in April this was said to be 50.7. An increase from 49.4 in March. Any reading above 50 suggests economic expansion.
There was an increase in services firms winning new business due to a rise in market confidence and increased marketing, while the travel, tourism and leisure categories also enjoyed a growth. There was however, a slight fall in the financial services sector. Manufacturing also reported a decline in new export business.
Elsewhere, employment increased for the third month in a row.
Donald MacRae, Bank of Scotland chief economist, is quoted as saying: "The slowdown of the first three months of this year is slowly being reversed with both employment and new business increasing in April, suggesting a return to a more normal growth rate in the second quarter."
(JP/CD)
Related UK National News Stories
Click here for the latest headlines.
18 October 2006
Unemployment continues to rise in UK
Unemployment is continuing to rise in the UK, according to the latest figures. The Office for National Statistics figures showed that the number of people who were unemployed rose to 1.7 million in the three months to August – the highest level for six years. The increase took the unemployment rate to 5.5%, an increase of 0.
Unemployment continues to rise in UK
Unemployment is continuing to rise in the UK, according to the latest figures. The Office for National Statistics figures showed that the number of people who were unemployed rose to 1.7 million in the three months to August – the highest level for six years. The increase took the unemployment rate to 5.5%, an increase of 0.
03 March 2014
UK Manufacturing Increased Last Month
The rate of manufacturing in the UK grew faster than expected in the month of February, new statistics have revealed. According to the Markit/CIPS Manufacturing Purchasing Managers' Index (PMI), employment within the sector is now expanding at its fastest rate in almost three years. Last month, the Index reached 56.9, up from 56.
UK Manufacturing Increased Last Month
The rate of manufacturing in the UK grew faster than expected in the month of February, new statistics have revealed. According to the Markit/CIPS Manufacturing Purchasing Managers' Index (PMI), employment within the sector is now expanding at its fastest rate in almost three years. Last month, the Index reached 56.9, up from 56.
17 January 2011
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
Simple Tax Laws 'Would Pay Off'
Some small business owners are so frustrated with the complexity of the UK tax system that they would pay more just to see it simplified, new research has found.
11 February 2013
Business Confidence Hits 21-Year Low
Business confidence continued to decline this month, as the BDO Optimism Index fell to its lowest reading since the report began 21 years ago. The latest Business Trends report by accountants and business advisers BDO LLP found the overall outlook was 'bleak'. BDO’s Optimism Index, which predicts business performance two quarters ahead, fell to 88.
Business Confidence Hits 21-Year Low
Business confidence continued to decline this month, as the BDO Optimism Index fell to its lowest reading since the report began 21 years ago. The latest Business Trends report by accountants and business advisers BDO LLP found the overall outlook was 'bleak'. BDO’s Optimism Index, which predicts business performance two quarters ahead, fell to 88.
29 January 2015
Sky To Launch New Mobile Phone Service
A new mobile phone service is to be launched by pay-TV company Sky in partnership Telefonica, O2's Spanish parent company. Sky, adding mobile to its internet, landline and TV, will use Telefonica UK's wireless network to offer the new service.
Sky To Launch New Mobile Phone Service
A new mobile phone service is to be launched by pay-TV company Sky in partnership Telefonica, O2's Spanish parent company. Sky, adding mobile to its internet, landline and TV, will use Telefonica UK's wireless network to offer the new service.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
