I suspect some might be getting just a bit fed up with all this good news on the Scottish economy. We’ve had falling unemployment, increased job opportunities, increased business confidence, increased demand for office and industrial space and the suggestion that Scotland is the best place to start a business. Recently, even the UK government has published data showing a fairly long-term trend for Scotland to have trade surplus while the rest of the Union racks up huge debts due to its massive trade deficit. Here are just some of the sources:
Unemployment at record low, employment up, economy growing, youth unemployment amongst lowest in Europe, business confidence increasing, oil jobs returning, health indicators improving to world’s best: That’ll be Norway? No? Scotland!? SNP baaaad!
Now we hear from the Bank of Scotland’s latest ‘Purchasing Managers Index (PMI) in the Insider today:
‘The report suggests the private sector “moved up a gear” in July, with manufacturers reporting strong growth in new orders though service sector growth was more moderate. However, recruitment across Scotland’s private sector rose to a 31-month high as Scotland’s private sector recorded its eighth straight month of expansion.’
These economic indicators all fit together. It’s no accident that one leads to another. It’ll have to stop though or some people might get the idea that Scotland could survive on its own. Next thing you’ll be telling me is we’re energy rich too.
Footnote: If you read these articles quite soon after I’ve posted them then you might miss some of the excellent responses made later by readers. It’s well worth returning 24 hours later to see some of them. Quite a few have even more information of interest than my starter.