Private sector output expands at fastest pace since June 2007
14 March 2011
The Bank of Scotland PMI report for February signalled the strongest rise in activity across the private sector economy since June 2007, as firms continued to recover from weather-related disruption around the turn of the year. Reflecting this improvement, firms raised staffing levels for the first time in four months, albeit at only a modest pace. Although cost pressures slipped from January’s highs, they remained considerable.