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10/06/13 00:01

Cabinet Secretary for Finance comments on the latest Bank of Scotland PMI Survey data for Scotland.

Speaking about the latest Bank of Scotland PMI Survey data Mr Swinney said:

“These figures show that private sector output in Scotland has expanded for the eighth consecutive month – the largest increase since April 2011 – which is very welcome news indeed.

“These positive results follow the announcement earlier this week that Scotland has attracted its highest level of foreign investment for 15 years, with 30% of the investment in Scotland in manufacturing, demonstrating the strengths of the Scottish economy.

“Against a backdrop of continuing economic challenges the Scottish Government is taking action where we can, and we are seeing results, but there is so much more that we could be doing with the full economic and fiscal powers of independence to strengthen our economy and create jobs.

“Scotland continues to show a higher employment rate and lower unemployment rate than the UK – as well as stronger economic growth in the most recent quarter and youth unemployment figures that continue to outperform the UK.

“But we will not rest on our laurels. We recognise that market conditions remain challenging and that is why the Scottish Government remains committed to investing in jobs and training. Our budget includes a tax relief package for business worth over £540 million this year and we are bringing forward a further £385 million package of economic stimulus to support jobs across the country.”