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Scottish services and manufacturing witness output growth

12 December 2011
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Scottish services and manufacturing witness output growthScotland's services and manufacturing sectors both witnessed growth in output during November, according to new data.

The Purchasing Managers' Index (PMI) for the nation shows that operations management activities may have increased as both industries also hired more workers over the month in question.

Produced by Markit and Bank of Scotland, the PMI revealed there was a dip in new work for the third month in a row and charges rose slightly as cost inflation continued to perform strongly.

The index stood at 51.1 last month, up from 51 in October, with any number above 50 indicative of expansion in the Scottish private sector, which has grown in 11 consecutive months.

However, Bank of Scotland chief economist Donald MacRae stated: "Both new orders and new export orders fell in the month highlighting the challenge of maintaining growth in the face of the global slowdown."

Recent data from Markit regarding the UK services sector showed a rise in headline business activity from a PMI in October of 51.3 to 52.1 last month, with an increase in incoming business.ADNFCR-3058-ID-801236189-ADNFCR
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