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Swinney says 'encouraging signs'

Scottish exports fall in final months of last year

Scottish exportsSales of Scottish products overseas fell in the final quarter of last year, according to the latest data.

Manufacturing Exports fell by 0.8% in real terms, although the volume grew by 1% over the year.

Deputy First Minister John Swinney said: “Whilst the manufacturing statistics indicated a slight drop in the volume of exports towards the end of 2014 the report also shows encouraging signs of improvement in areas like textiles.

“Recent labour market data has shown that employment in Scotland continued to increase as the start of the year, whilst the Bank of Scotland’s Business Monitor reported that business expectations for the volume of business, turnover and exports over the next six months are positive.

“Scotland’s economic recovery has grown continuously for two years and recent GDP figures show that the Scottish economy grew at its fastest annual rate since 2006 showing that the economic outlook for Scotland remains upbeat.

“The focus of our economic strategy on innovation and internationalisation is essential in supporting the recovery.

“We will continue to do all we can to ensure the positive trends continue and to help families throughout Scotland.”

On a rolling-annual basis, comparing average growth in the latest four quarters to average growth in the previous four quarters (4Q-on-4Q), the volume of manufactured exports grew by 1%.

 

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