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Export statistics welcomed |
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Wednesday, 03 October 2007 |
Enterprise Minister Jim Mather has given a cautious welcome to new figures which estimate that Scotland's manufactured exports increased by 4.4 per cent in the second quarter of 2007.
The figures also show that export sales grew by 3.6 per cent over the year to the second quarter of 2007. Mather said: “I am encouraged by these latest figures, but there remains a great deal still to do.
“It is important not to be complacent and lose sight of the fact that growth has been modest in previous quarters.
“The Scottish Government recognises that Scotland's economy has underperformed historically and we must do more to give Scotland a competitive edge. We must aspire to the kind of performance achieved by countries such as Ireland, Norway and Iceland – the arc of prosperity that surrounds us.
“Reform of the enterprise networks, outlined in parliament just last week, as well as other economic policies, will ultimately help us achieve our goal of increased, sustainable economic growth.
"And the Government Economic Strategy, to be published in the next few weeks, will help the whole of Scotland focus on raising Scotland's growth rate to the UK level by 2011.”
Over the quarter, the main industry driving the increase in the export sales was engineering which grew by 12.9 per cent over the latest quarter, followed by metals & metal products, which increased 8.0 per cent and chemicals & refined petroleum, which grew by 2.6 per cent. The main industries showing decline in real terms were drink, down 9.3 per cent, wood, paper & publishing, down 7.0 per cent, and food & tobacco down 6.3 per cent.
Over the year, engineering and drink were the main industries contributing to the growth in manufactured export sales with annual growths of 6.2 per cent and 3.4 per cent respectively. Metals & metal products also showed strong growth over the year, 19 per cent. The main industry showing a decline in manufactured export sales in real terms over the year was chemicals, with an annual decline of 3.3 per cent. Food was down 6.2 per cent, wood, paper, publishing & printing down 6.5 per cent, and other manufacturing down 4.3 per cent over the year.
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