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Insider UK
Insider UK
Business
Peter A Walker

Scottish private sector remains in downturn during January

Scotland Inflation United Kingdom RBS Royal Bank of Scotland

The Scottish private sector reported a further fall in total activity during January, according to the latest Royal Bank of Scotland PMI data.

The Business Activity Index - a measure of combined manufacturing and service sector output - fell from December's five-month high of 48.3 to 47.1, signalling a quickened contraction in private sector output and extended the current run of contraction to six consecutive months.

The rising cost of living, supply chain disruptions and a slowdown in the housing market all contributed towards the latest downturn in activity.

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