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Scottish private sector firms register solid performance in June, report finds

Scottish private sector firms register solid performance in June, report finds
(PA)
There were some signs of optimism for the Scottish private sector in June as firms registered another solid performance, according to a new report.
Scottish companies recorded the third straight monthly increase in the level of new business in June, citing the relaxation of Covid-19 restrictions, improved client confidence and firmer demand conditions as drivers of the latest upturn.
The rate of growth slowed from May’s survey high, but was still the second-quickest since September 2013 and rapid, according to the latest Royal Bank of Scotland Purchasing Managers’ Index (PMI). ....

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Covid Scotland: Brexit fuels costs as economy surges on easing of coronavirus rules

Scotland s economy grew strongly in June Picture: Colin Mearns
By Ian McConnell
SCOTLAND’S private-sector economy recorded further rapid growth in June, and employment rose across manufacturing and services, but inflationary pressures were intense amid factors including Brexit, a survey shows.
Royal Bank of Scotland’s latest PMI (purchasing managers’ index) report showed the growth rate slowed from May, when it was the strongest since the survey began in 1997. However, June growth was the second-sharpest on record, fuelled by the loosening of Covid-related restrictions. The business activity index for Scotland, a combined measure of manufacturing and services output, fell from 61.5 in May to 58.4 in June, remaining way above the 50 no-change mark. ....

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Covid in Scotland: Output 'boosted by looser restrictions'

BBC News
Published
image captionThe survey found the latest rise in new business was led by the services sector
Looser Covid restrictions helped boost Scottish private sector output to near record levels last month, according to a report.
A regular RBS survey of purchasing managers found a steep rise in new business, with firms hiring more staff for the third month in a row.
Improved client confidence was among other reasons cited for the upturn.
The rate of output growth was slower than May s, but was still the second quickest since September 2013.
The survey follows a separate RBS report on jobs, which found hiring activity at Scottish businesses continued to surge last month, amid easing Covid-19 restrictions and rising economic activity. ....

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Scottish economy surges on easing of Covid rules

Scottish economy surges on easing of Covid rules
heraldscotland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heraldscotland.com Daily Mail and Mail on Sunday newspapers.

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Nominate your favourite city firm for the Glasgow Business Awards

Nominate your favourite city firm for the Glasgow Business Awards
glasgowtimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from glasgowtimes.co.uk Daily Mail and Mail on Sunday newspapers.

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