Summary
THE creation of full-time jobs in Scotland's private sector economy last month grew at its fastest rate in more than three years, but concerns still run high over whether the expansion has the staying power to pick up the slack from the impending cuts in the public sector.
The latest Bank of Scotland Purchasing Managers' Index report reveals that inflationary pressures remained strong among Scottish companies, in spite of easing to a five-month low. Output growth was also slower and there was a much weaker rise in the level of new business.See the full content of this document
Extract
Economy Boosted by Private Sector Jobs Lift
While the nation's private sector economy continued to grow in May, it did so less quickly than the previous month. The headline Bank of Scotland PMI score came in at 52.2 for May, c...
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