The Scottish private sector signalled a mild expansion in activity midway through the second quarter, according to the latest Royal Bank of Scotland PMI data.
However, the seasonally-adjusted Business Activity Index slipped from April’s 10-month high of 54.3 to 50.7 in May - the weakest reading in the current four-month sequence of growth.
Sector data highlighted that the rate of growth in services business activity moderated, while a second successive month of reduction in manufacturing new orders resulted in a fresh reduction in goods output.
