Summary
CHALLENGING trading conditions caused by the global economic uncertainty saw Scottish private sector output rise only moderately in December - growing at its second-weakest level in nearly three years.
The latest Purchasing Managers' Index (PMI) report, published today by Royal Bank of Scotland, showed that activity in the financial services sector - one of Scotland's key industries - dropped for the second month in a row, although not as sharply as in November.See the full content of this document
Extract
Economic Pace Stuck Near Three-Year Low
Manufacturing output growth also weakened to a two-year low, although manufacturers reported that slack new order growth had enabled them to cle...
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