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Business

Alistair Houghton

Private sector activity in Scotland rises for first time in seven months, Royal Bank of Scotland PMI data shows

Scotland Royal Bank of Scotland United Kingdom RBS

Private sector activity in Scotland rose in February for the first time in seven months, the latest Royal Bank of Scotland PMI figures have revealed.

The Business Activity Index - a measure of combined manufacturing and service sector output –stood at 51.0, up from 47.1 in January. That shows growth resumed across both the manufacturing and service sectors, with the former leading the expansion, as any figure above 50 indicates a positive balance.

Those surveyed reported an improvement in demand conditions and growth in new clients, as well as a rise in new orders following seven consecutive months of decline.

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