Scottish private sector returns to growth
14 February 2011
The Scottish private sector economy returned to growth during the first month of 2011, following a weather-hit end to 2010. Nonetheless, the rates of expansion of both activity and new orders signalled by the latest Bank of Scotland PMI report were only modest. January data also highlighted growing inflationary pressures across the Scottish economy, as input cost and output price inflation rates both rose to post-crisis highs.