Economic Growth

First Minister’s Question Time – in the Scottish Parliament at on 20 June 2024.

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Photo of Gordon MacDonald Gordon MacDonald Scottish National Party

The latest purchasing managers index report from the Royal Bank of Scotland has shown that Scotland was a stand-out performer among the United Kingdom nations and regions last month, with private sector economic growth accelerating to the fastest pace in two years. What assessment has the First Minister and the Scottish Government made of the findings, and what steps is the Scottish Government taking to continue to help our economy to thrive?

Photo of John Swinney John Swinney Scottish National Party

I very much welcome the findings from the report, which signals a strengthening of private sector activity in Scotland. It confirms that that activity has expanded for the fifth month running and at the strongest pace in two years.

As Parliament will know, one of the four priorities of the Government is to strengthen the economy, and the Deputy First Minister is leading work, with my support, to advance that within Government. We are taking measures to build on the good work that has been done to encourage the start-up community and further investment is being provided in the scale-up community. We are seeing some of the fruits of that in the success of business, which underpins the very positive information in the purchasing managers index report.

I assure Mr MacDonald of the Government’s continued focus on ensuring that we strengthen economic growth and economic activity, because that is the foundation of good and strong public services in our country.