Arab Today, arab today scottish economy \growing but slowing\
Last Updated : GMT 05:35:39
Arab Today, arab today
Arab Today, arab today

Scottish economy \'growing but slowing\'

Arab Today, arab today

Arab Today, arab today Scottish economy \'growing but slowing\'

Edinburgh - Arabstoday

A survey of business managers has provided further evidence that Scottish economic growth is slowing.The Bank of Scotland\'s latest Purchasing Managers\' Index (PMI) indicated Scottish private sector output growth increased for the ninth month running in September.But the month-on-month growth was the slowest since the start of 2011.The slowdown primarily reflected weaker growth of goods production compared with August, it found.However, manufacturing output continued to expand \"solidly\", and at a slightly faster pace than service sector activity.The survey is the latest evidence of a slowdown in Scottish economic activity.Earlier this month, the Lloyds TSB Scotland Business Monitor suggested the private sector showed only marginal growth in the first eight months of the year.And a recent CBI/PwC survey of the UK financial services sector found growth continued to slow in the three months to September.The latest PMI survey suggested private sector employment fell for the second month in a row, as new business levels dropped for the first time in nine months.The decrease in new work was underpinned by lower demand at services providers, while firms operating in the manufacturing sector registered broadly no change in new orders.Staff cuts were confined to the service sector, where jobs were lost at a rate broadly similar to August.Cushioning the drop in overall employment was a solid rise in headcounts at manufacturers - the sharpest for four months.Stalling demand also meant that tariffs rose only modestly on average during the latest survey period, despite sharp cost pressures.Cost inflation north of the border \"remained sharp\" in September, with service providers and goods producers both reporting a rise in input prices for energy, food and fuel.Moreover, Scotland saw the steepest monthly rise in input prices of all UK regions covered by PMI surveys.Bank of Scotland chief economist Donald MacRae said: \"Both jobs and new orders fell in the month but new export orders saw a modest increase.\"Manufacturers increased output at a solid rate despite strong cost pressures.\"This month\'s PMI suggests the Scottish economy continues to grow but is slowing in common with the rest of Europe.\"Finance Secretary John Swinney said: \"It is positive news that private sector business activity in Scotland expanded for the ninth consecutive month in September, but this survey confirms that there is absolutely no room for complacency.He reiterated calls for the UK government to deliver the so-called Plan MacB.This would involve accelerated capital investment, access to finance and the stability involved in a guarantee of no compulsory redundancies in the public sector.Mr Swinney also said the Scottish government needed greater access to key levers of economic growth, such as corporation tax and borrowing powers.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today scottish economy \growing but slowing\ Arab Today, arab today scottish economy \growing but slowing\

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday