Scottish manufacturers see strong rise in production

| December 13, 2010 | 0 Comments
”Scottish

Official figures revealed Scotland’s manufacturing sector grew in November at its fastest rate since August.

The rise was attributed to a strong rise in new export orders for Scottish manufacturers, the Bank of Scotland’s Purchasing Managers’ Index (PMI) revealed today, boosted by demand from China and the US.

The Bank of Scotland’s chief economist, Donald MacRae, comments: “This month’s robust recovery in manufacturing partially offset the fall in service activity extending the slowdown in the Scottish economy into November.

“Scottish manufacturers saw a welcome strong increase in the volume of new export orders during the month providing evidence of an export led recovery,” he added.

The figures come as Mr MacRae said the Scottish economy is avoiding a double-dip recession - whereby the economy goes into recession twice without having undergone a full recovery in between.

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