THERE is still only modest growth in the Scottish economy as manufacturers, who it was hoped would help to rebalance the economy away from its dependence on financial services, have seen conditions deteriorate sharply.
THERE is still only modest growth in the Scottish economy as manufacturers, who it was hoped would help to rebalance the economy away from its dependence on financial services, have seen conditions deteriorate sharply.
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TIM SHARP CITY EDITOR
Bank of Scotland's purchasing managers' index, a composite indicator of economic health, read 51.2 in December.
This was its highest level for six months, although it still indicated just moderate expansion.
It was higher than the 50 points recorded for the UK as a whole, showing that the economy had stalled.
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