There’s growing evidence of confidence returning to the High Street. The latest figures show that Scotland’s retail outlets recorded an increase in volume and value of sales for the third quarter in a row. The growth may not have been as strong here as in the rest of the UK – but the Retail Sales Index for Scotland showed the volume of sales increased by 1.1% between July and September – 2% higher than the same period in the previous year. The equivalent figure for other parts of the country show sales rising by 1.6% and are now 2.7% higher than 12 months ago.
Scottish Finance Secretary, John Swinney, said the figures showed “significant” economic progress was being made in Scotland. “These figures follow on from recent GDP and labour market statistics,” he added, “which show employment in Scotland is at its highest level since the summer of 2008 and a continued growth in the economy and new figures also showing a growth in the number of new businesses.
“These positive figures highlight the significant economic progress being made in Scotland. This continued growth in Scotland’s economy is helping to create more jobs and opportunities for the people of Scotland. By continuing to invest in businesses we can help build sustainable economic growth for Scotland and highlight the country’s position as a place of international trade and investment.”