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Export activity falls in Scotland

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In the latest survey of business performance, a balance of 24 per cent of Scottish companies reported a fall in export activity in the three months to May. In the preceding three months, a net six per cent had reported an increase in exports.

Bank of Scotland says: “Exporting to eurozone economies should become easier as growth picks up in many of the currency bloc’s member countries but is being hampered by the rise of sterling against the euro as quantitative easing takes effect.”

A balance of six per cent of Scottish companies predicted a fall in export activity over the coming six months.