Bank of Scotland

Output growth moderates as new business falls for first time in 2011

10 October 2011

September saw a further moderation of Scottish private sector output growth, as new business inflows fell for the first time in nine months. Further jobs were lost as a result, although the pace of staff cutting remained only slight. Stalling demand also meant that, despite sharp cost pressures, tariffs rose only modestly on average during the latest survey period.

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