Scottish private sector recovery slowed in June, according to the Bank of Scotland’s purchasing managers’ index (PMI).

The seasonally adjusted index, which monitors activity across Scotland’s manufacturing and service sectors, fell from 53.1 to 52.9.
 
The index also shows that new order and employment growth both decelerated since May.

Donald MacRae, chief economist at Bank of Scotland, says: “The recovery in the Scottish economy slowed in June.  However, overall growth was achieved by a best-ever rise in manufacturing output augmenting only marginal growth in the service sector.  While the pace of input cost inflation faced by businesses moderated, average costs again inflated at a much stronger pace than the UK.  Recovery in the Scottish economy is underway albeit at a slower rate than the UK as a whole.”