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Monday 9 January 2012

Employment and productivity rises in Scotland

Private sector output and employment is continuing to rise in Scotland, according to the latest industry report.

The new Bank of Scotland with output growth edged up for the second consecutive month in December, with the organisation posting 51.2, up marginally from 51.1 in November, with the UK as a whole performing better than in November.

In addition, business wins rose at the fastest pace since April 2011 and solidly overall, with successful marketing leading to a robust month-on-month increase in new work.

Employment within Scotland's private sector rose for the second month running in December, with staff added at a faster rate and recruitment strengthening.

Commenting on the report, Donald MacRae, chief economist at Bank of Scotland, said: "The increase in new business for the first time in four months is very welcome and suggests the Scottish economy is avoiding a fall in output."

It comes after data recently published in the JPMorgan Global Manufacturing Purchasing Managers Index shows that conditions in the global manufacturing sector improved for the first time in four months in December, and now stands at 50.8, up from 49.7 in November.

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-801259370-ADNFCR

Source: The Sales Director News

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