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Scottish business upturn | China trade growth | International Track 200

 
Scottish business output reaches three-month high
 
According to the Bank of Scotland’s regional purchasing managers’ index (PMI), Scotland’s private sector grew last month with output levels becoming the highest since February.
 
Fraser Sime, Regional Director for Scotland, in SME Banking, Bank of Scotland, said: “the positive news was driven by rises in combined output and new orders, fuelled by solid underlying demand.”
 
Businesses have said that growth is due to the expansion in the services sector, however the report shows that manufacturing production also remained strong. The results of the index indicate a rise in business confidence towards the next 12 months.
 
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China’s trade data beats forecasts
 
Trade data released last week indicated that China’s exports and imports rose by more than was forecast in May. Exports rose by 8.7 per cent, beating predictions of just 7 per cent. Imports also jumped to 14.8 per cent, beating the estimate of 8.5 per cent.
 
The upturn was unexpected as many analysts have warned that China’s growth is likely to slow gradually in the coming quarters. The figures reflect that economic growth remains resilient and China’s trade is healthier than expected.
 
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DHL proudly sponsors The Sunday Times International Track 200
 
On Sunday 11 June, the 2017 Sunday Times International Track 200 league table was released by Fast Track – a network of the UK’s top private firms and entrepreneurs. The league table ranks Britain’s mid-market private companies with the fastest-growing overseas sales and includes insights from sponsor DHL.
 
Ian Wilson, CEO of DHL Express UK & Ireland, says how the business has seen a huge rise in the volume of parcels shipped to non-EU countries – figures are up by more than 50 per cent, and that trend is expected to continue.
 
Over the next 12 months and beyond, DHL will work with many businesses from the International Track 200 list, providing them with services that will help them further embrace the online opportunity and ensure these already rapidly growing businesses have even more cross-border trading success.
 
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Thursday 15 June 2017

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