Survey: Scotland’s Economic Performance Back to 'Pre-Recession' Levels

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22nd April 2014 12:25 - Local Government

The latest Scottish Chambers of Commerce’ survey of 260 firms suggests growth in economic activity, investment and business optimism. The survey found confidence among manufacturing, construction and tourism firms “continues to improve” though there was a decline among retailers who, on balance, reported a drop in sales though three fifths (60%) reported “either no change or a rise”.

In construction, orders improved with the majority (85%) of firms reporting new contracts had either remained constant or increased, though investment “remains low”.

Liz Cameron, chief executive of the Scottish Chambers of Commerce, said:

“All the indicators in this survey point to sustained economic growth as key sectors increase investment to expand activity, boosted by higher levels of business optimism… It is vital that the organisations responsible for the development of skills provision, actively work with the business community to ensure employees are provided with the skills required to succeed.”

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