Scottish businesses 'in a strong position'

New figures suggest that as the new year begins, businesses in Scotland are in a good place to take advantage of a stable economy, which could be positive news for those looking for graduate jobs in the area.

The latest Lloyds TSB Scotland Business Monitor reports that 42 per cent of firms are reporting a rise in turnover, while 32 per cent say they have had static turnover.

This result is approximately the same as the long-term average of the monitor, according to Lloyds TSB Scotland.

Commenting on the findings, Professor Donald MacRae, chief economist at Lloyds TSB Scotland, said that the Scottish economy is in "a strong position".

"Although business confidence has fallen particularly in the service sector, consumer confidence has not. In 2007 the Scottish economy should grow at around 2.3 per cent," he added.

Last month, the Manpower Employment Outlook Survey revealed that financial services jobs in Edinburgh were set to increase.
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