Business activity across the Scottish private sector increased at only a fractional pace during July, according to the latest Royal Bank of Scotland PMI data.
The seasonally-adjusted headline index - a measure of combined manufacturing and service sector output - registered 50.2 in July, down from 54.4 in June; signalling the weakest rate of growth in the current 17-month run of expansion.
The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 showing an overall decrease.
