Scottish Economy Recovering

The Bank of Scotland figures show improvement for business.

The Scottish economy continues to grow.

According to the latest figures from the Bank of Scotland business levels have picked up in the last 3 months.

The business monitor found 36% of firms surveyed increased turnover, 36% experienced static turnover, and 28% experienced a decrease. This gave a net balance of +8%, marginally up from the +7% of the previous quarter but well down from the +30% of the same quarter one year ago. This latest result continues the improving trend identified in spring this year.

They also expect that over the next 6 months the economy will continue to recover from the slow down.  
 
Donald MacRae, chief economist, Bank of Scotland said: "The Scottish economy slowed at the start of 2015 but is expected to return to moderate growth in summer and autumn. Expectations remain positive and suggest that current growth rates will be maintained in the third quarter of the year."