Bank of Scotland

Bank of Scotland - July PMI

09 August 2010

The slow and steady recovery in the Scottish private sector economy was maintained in July, according to the latest Bank of Scotland PMI report. This was highlighted by the headline Bank of Scotland PMI – a seasonally adjusted index monitoring activity across Scotland’s manufacturing and service sectors – posting 53.0, up from 52.9 in the previous survey period. Elsewhere, the survey pointed to sluggish growth momentum, with employment being maintained in July, and new orders increasing at the weakest pace in three months.

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