Bank of Scotland

Scottish employment rises as economy growth moderates

13 June 2011

The Scottish private sector economy continued to grow in May, albeit at a reduced rate. This was signalled by the latest Bank of Scotland PMI posting a reading of 52.2, compared to 55.5 in the previous month. Inflationary pressures remained strong overall, but were the weakest during 2011 so far. Meanwhile, firms took on more staff at the fastest rate since February 2008, despite seeing only a marginal rise in the volume of incoming new business during the month.

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