Private sector activity falls at record level for April

Private sector activity in Scotland fell at a record level in April, according to an RBS index first established 22 years ago. Services recorded the biggest decline, but manufacturing also declined by a record amount. Scotland also saw its largest ever decline in foreign direct investment. Scotland “fared worst than the UK as a whole”, Malcolm […]

Private sector activity in Scotland fell at a record level in April, according to an RBS index first established 22 years ago. Services recorded the biggest decline, but manufacturing also declined by a record amount. Scotland also saw its largest ever decline in foreign direct investment. Scotland “fared worst than the UK as a whole”, Malcolm Buchanan, chair of RBS’ Scotland board, said. (STV)