Published Date:
13 October 2008
BUSINESS activity across Scotland is continuing to fall, but the rate of decline is slowing.
Output, new business and backlogs of work all declined during September, according to a survey published today.
Royal Bank of Scotland's purchasing managers' index (PMI) shows that workforces are reducing at the fastest rate since the survey was first published in January 1998.
David Fenton, RBS head of microeconomics, said: "Business activity fell again, though the rate of decline was less severe, which hopefully marks the beginning of a more stable period for the activity index."
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Last Updated:
13 October 2008 9:46 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
