Seb Burnside, NatWest/Royal Bank of Scotland chief economist with the latest growth tracker report

Seb Burnside, NatWest/Royal Bank of Scotland chief economist discussing the latest growth tracker report

Transcript

00:00Welcome to this summary of the Royal Bank of Scotland's growth tracker for the Scotland.

00:07September was a month of contrasts when it came to business performance according to our growth

00:15tracker as businesses told us that whilst they saw a little bit less growth in activity during

00:23that month they had higher expectations for growth coming in the future. Perhaps that's one of the

00:31factors supporting the stronger level of hiring and employment activity in Scotland particularly

00:37compared to other parts of the UK that are scoring much lower on that front but whilst the demand

00:44outlook particularly in Scotland's export markets was strong it's fair to say that many businesses

00:52across the country are battling with higher costs and that feeding through into higher inflation.