Royal Bank of Scotland says weak sterling has delivered a boost for Scottish exporters but also warns economic growth north of the border remains “fragile”.
The bank’s latest Scottish Business Monitor – the result of a Fraser of Allander Institute survey of more than 400 Scottish firms – shows exports grew for first time in two years in the second quarter of 2017.
One-third (33%) of businesses said the volume of new business rose, against fewer than one in four (24%) which reported a fall. And a net 6% balance were confident this growth will gather momentum during remainder of 2017.
Firms in all parts of the country, including the downturn-hit north-east, expected business volumes to grow.