Order levels are up and business growth remains high, although the number of new jobs has slowed.
Economic recovery in Scotland is back on track, according to figures released today.
April marked the fourth straight monthly rise in new order levels in the Scottish economy, and new business growth was unchanged from March's three-and-a-half-year high.
The figures come from the Bank of Scotland Purchasing Managers' Index (PMI) report.
However, the report also shows that job creation had slowed from March, with only a marginal increase recorded.
Growth in output increased month-on-month, with companies saying the rise was down to "robust demand conditions".
Donald MacRae, chief economist at Bank of Scotland, said: "The latest PMI shows that the recovery is back on track with a fourth consecutive month of expansion."
Although the rise was stronger than in the previous survey period, it was below that seen at a UK-wide level.
The Bank of Scotland PMI report is compiled by Markit for Bank of Scotland. It is based on monthly replies to questionnaires sent to purchasing executives in around 600 private manufacturing and service-sector companies.
Source: http://news.stv.tv
Economic recovery in Scotland is back on track, according to figures released today.
April marked the fourth straight monthly rise in new order levels in the Scottish economy, and new business growth was unchanged from March's three-and-a-half-year high.
The figures come from the Bank of Scotland Purchasing Managers' Index (PMI) report.
However, the report also shows that job creation had slowed from March, with only a marginal increase recorded.
Growth in output increased month-on-month, with companies saying the rise was down to "robust demand conditions".
Donald MacRae, chief economist at Bank of Scotland, said: "The latest PMI shows that the recovery is back on track with a fourth consecutive month of expansion."
Although the rise was stronger than in the previous survey period, it was below that seen at a UK-wide level.
The Bank of Scotland PMI report is compiled by Markit for Bank of Scotland. It is based on monthly replies to questionnaires sent to purchasing executives in around 600 private manufacturing and service-sector companies.
Source: http://news.stv.tv
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