* Updated to show Scotland’s composite PMI has bettered the UK equivalent for seven straight months now, after Monday’s data.
For the first time in a long while, Scotland’s economic performance has caught up with the UK average– and there is at least some evidence to suggest it’s doing slightly better than the British baseline.
In general, the Scottish economy has come second-best behind the poor UK average, at least since the full onslaught of the global financial crisis hit in September 2008 with the collapse of Lehman Brothers.
Purchasing managers’ indexes (PMIs), which gauge business activity across thousands of British companies every month, show how.
The Scottish composite PMI has bettered the UK equivalent only 17 times out of those 55 months since Lehman’s collapse.