Manufacturing stagnates in Scotland

Manufacturing output stagnated in Scotland in November, having previously risen for seven straight months, according to the Bank of Scotland.

Its latest PMI report has revealed that growth across the country's private sector economy lost momentum last month with the slowest rises in output and new work for six months. The rate of job creation was little-changed from the solid pace seen in October, however. And the rate of input price inflation in Scotland's manufacturing sector reaccelerated in November, reaching the fastest since May. Donald MacRae, chief economist at Bank of Scotland, said: "The private sector of the Scottish economy grew in November. New work continued to increase but at the slowest rate for six months." He added: "Both manufacturers and service providers added more staff demonstrating confidence for the future. The recovery in the Scottish economy continued in November, but at a slower pace than the survey-record levels of August and September."