While Scotland’s economic recovery continued in July, Scottish employment levels remained flat, according to latest Bank of Scotland PMI report.

The report shows that following five months of job creation, Scottish firms reported that staffing levels were unchanged during July.

The index posted a reading 53.0 in July, up from 52.9 in June.

 
The volume of new business received by private sector companies increased for a sixth consecutive month in July, albeit at a weaker pace.

Donald MacRae, chief economist at Bank of Scotland, says: “This month’s data shows a thirteenth consecutive rise in business activity across Scotland, with recovery remaining manufacturer led and service sector growth moderate in comparison. New orders rose for the sixth month in a row, however only mildly, indicating a moderate pace of recovery. There has been a welcome increase in growth in the key services sector and in particular in business and financial services. Activity in travel and tourism continues to grow, although with a slight fall in the rate. Overall, there is positive news in most areas, signaling Scotland’s economy is in recovery, albeit somewhat subdued.”