In news that is being echoed throughout the UK, the Bank of Scotland’s index of leading indicators has recently shown that economic recovery will slow during the final quarter of 2010. Despite several positive things that have been happening, pessimism among consumers – along with many other factors – is expected to put a damper on the recovery of the Scottish recovery. Although recovery will cool down quite a bit, it isn’t expected to come to a complete stop. For those who were hoping for a speedier recovery, though, this news is sure to be greeted with unhappiness. As a whole, the economy seems to be moving in the right direction – albeit slowly. (more…)
Archive for the ‘Automotive Industry’ Category
Scottish Economy Recovery to Slow Down
Wednesday, September 1st, 2010First Drop in New Car Sales for Year in UK
Friday, August 6th, 2010As financial analysts and everyday citizens around the UK – and the world – anxiously look for signs of economic recovery, news that new car sales have dropped for the first time this year is sure to raise concerns. According to the Society of Motor Manufacturers and Traders, or SMMT, there were 136,446 new car registrations in the month of July. This number represents a 13.2% drop from the same period in 2009. However, there are many possible reasons for this drop – and not all of them are dire in nature. Like anything else, this latest data should not be viewed as a strong sign of economic fragility; rather, it should be taken into consideration along with many other factors.
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