Story perspectives

Scottish Firms Face Contraction Amid Staffing Growth, Stay Optimistic

10/23/2025

42 8

Summary

Story summary

Royal Bank of Scotland Growth Tracker shows staffing rose for the first time in four months, led by service firms.
However, the seasonally adjusted index of overall business activity fell to 49.2 in September 2025, signaling contraction.
A survey shows nearly half of Scottish business leaders say investment capital is scarce, prompting defensive strategies.
Despite challenges, firms remain optimistic about future output growth, planning operational improvements and new projects.

1 of 1

Story summary

Royal Bank of Scotland Growth Tracker shows staffing rose for the first time in four months, led by service firms.
However, the seasonally adjusted index of overall business activity fell to 49.2 in September 2025, signaling contraction.
A survey shows nearly half of Scottish business leaders say investment capital is scarce, prompting defensive strategies.
Despite challenges, firms remain optimistic about future output growth, planning operational improvements and new projects.