The manufacturing sector enjoyed a small uplift in output, according to the purchasing managers’ index for Scotland ALAMYScotland’s private sector has contracted for the fifth time in six months, adding to concerns over slower economic growth this year. The purchasing managers’ index for Scotland, backed by Royal Bank of Scotland and published today, shows a reading of 48.9 for May. The long-running PMI research monitors monthly trends across the manufacturing and services sectors. The 51 reading in April is the only time in the past six months that the headline output reading has shown expansion. There were mixed fortunes among the sectors in May, with manufacturing recording a small uplift in output and…

Source: The Times June 09, 2019 23:03 UTC