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The latest Purchasing Managers’ Index surveys from Scotland.
Last updated: 09 Nov 2020 1 min read
October saw a renewed downturn in the Scottish private sector, amid fresh restrictions to tackle the coronavirus pandemic, according to the latest Royal Bank of Scotland PMI.
The seasonally adjusted headline Royal Bank of Scotland Business Activity Index – a measure of combined manufacturing and service sector output – fell from 51.2 in September to below the 50.0 threshold at 43.2 in October. The latest figure signalled a sharp contraction in private sector activity, albeit one less rapid than those in the spring. A marked drop in new business was central to the decline, while weak demand conditions, concerns surrounding the pandemic and Brexit weighed on firms’ confidence.
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