Scots Economy Is Recovering Gloom Recedes As Output Rises for the Fourth Month in a Row

The HeraldNovember 10, 2009

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Summary


THE Scottish economy expanded for the fourth consecutive month in October with growth in both the manufacturing and service sectors.

Manufacturing and services rose for the second straight month as the worst economic slump and banking crisis since the 1930s receded.

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Scots Economy Is Recovering Gloom Recedes As Output Rises for the Fourth Month in a Row

New orders also rose, albeit supported by continued discounting, the Markit Scotland PMI survey indicated.

Although declining backlogs indicated spare capacity remained in the ec...

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