From the Royal Bank of Scotland’s purchasing managers’ index today but not noticed by BBC Scotland Business:
Business activity improved for the fourteenth consecutive month in April,
according to the latest Royal Bank of Scotland PMI®, as the seasonally
adjusted headline Royal Bank of Scotland Business Activity Index – a
measure of combined manufacturing and service sector output – rose to 58.9
in April, up from 58.4 in March and indicating a faster increase in private
sector output. The latest uptick was supported by a strong and renewed
upturn in manufacturing production, although a sharp expansion in services
activity was recorded once again. Moreover, the rate of growth across
Scotland accelerated for the fourth consecutive month to the quickest since
May 2021.
and
The increase in new business inflows across firms in Scotland was quicker
than that seen at the UK level. April data indicated strong optimism across Scottish private firms. Survey respondents were largely positive with regards to activity expectations over
the coming 12 months amid hopes of a continued economic recovery as
COVID-19 disruptions subside, encouraging higher client demand and
investment.
https://www.markiteconomics.com/Public/Home/PressRelease/3584a89617ad452f9e1370a1f294fa99
Talking-up Scotland 
Great news and hopefully, we won’t have to ‘notice’ the Blubbering Baleful Cesspit for much longer.
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BBC “Scotland’s” bandwidth does not extend to good news.
We are stuck in the “Ferry Fiasco” cycle with no room for for equivalence on….
HS2–£80 billion over budget.
Crossrail–£4 billion over budget and 4 years late.
Ajax military vehicles–£3.5 billion spent, years late and only 26 vehicles built.
Hinckley Point nuke power station–£billions over budget, years late and EDF say they NEED the Chinese to stay for the future nukes that Boris is crowing about–one a year, or one a week, or one a day–take your pick (none are true).
How much has Scotland received from the various “new” funding streams?
Levelling up?
Connectivity review?
EU replacement funds?
Boris de Piffle and Hi Jack claimed they had £20 billion for a bridge/tunnel/zip wire—where is that money now?
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‘.. not noticed by BBC Scotland Business’.
I am surprised this latest RBS press release is not being covered by the BBC. Having now read through it, having observed how this works, I’m certain I could extract a phrase around which to base a negative news headline and story!
Candidly, there is something odd about the commentaries on such data releases. To illustrate, consider this from the featured RBS press release attributed to the Chair, Scotland Board, Royal Bank of Scotland:
“The level of confidence slipped the lowest in 18 months as firms raised their concerns about the economic impact of inflation. Nevertheless, it still indicated a robust level of optimism as many firms were hopeful of activity growing in the coming 12 months.”
I’ve read this extract several times and remain puzzled: what conclusion is this attempting to communicate to readers and for what useful, action-oriented purpose?
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“I’ve read this extract several times and remain puzzled: what conclusion is this attempting to communicate to readers and for what useful, action-oriented purpose?”
Well. It’s obvious, isn’t it?
I think it means… er…
It means…
That is…
To quote (as in Gilbert and Sullivan)
“If this young man expresses himself
In words too deep for me,
Why, what a very singularly deep young man#This deep young ma MUST be…”
(I’m practising to be a politician. How am I doing? ;D )
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Maybe they are still trying to work out a negative slant on the report’s content?!
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