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  • Private sector activity rises further in June 
  • Business confidence at highest in eight months 
  • Employment broadly unchanged 

 

The headline Royal Bank of Scotland Growth Tracker– a seasonally adjusted index that measures the month-on-month change in the combined output of the region’s manufacturing and service sectors – rose to 50.9 from 50.5 in May. This marked a second consecutive monthly rise in business activity. While the uptick was modest overall, it was the strongest since November 2024.

Commenting on the Tracker’s findings, Judith Cruickshank, Chair, Scotland Board, Royal Bank of Scotland, said: "Scotland’s private sector recorded a sustained uptick in activity at the end of the second quarter, with growth predominantly driven by service providers. In contrast, the manufacturing sector faced a challenging demand environment, leading to overall declines in new business and production. “Despite these sectoral differences, firms exhibited increased optimism about the future, with manufacturers reporting positive growth forecasts for the first time in three months. “In June, private sector firms encountered sharply rising operating costs, but selling price inflation slowed notably. This suggests a willingness among businesses to absorb some costs to bolster sales. “The employment landscape remained broadly stable compared to the previous month, with sector data continuing to highlight diverging trends between manufacturers and service providers."

 

Royal Bank of Scotland UK Regional Growth Tracker (PDF, 754KB)

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