• Text size      
  • Send this article to a friend
  • Print this article

Economic recovery boosted by strong industry showing

THE Scottish economy is continuing to recover, according to an upbeat analysis from a senior expert.

Donald MacRae, chief economist at the Bank of Scotland, pointed out how Purchasing Manager Index data for sectors such as manufacturing, construction and services showed there had been a strong performance across industries in November.

Other trends such as rising employment, a reduced claimant count and growing consumer optimism gave further weight to Mr MacRae's analysis in his Economic Update for Scotland.

Mr MacRae further highlighted that Scottish GDP has now grown for four quarters in a row to the end of June this year.

He said: "These data suggest the recovery in the Scottish economy continued in November 2013."

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

202796