The Fraser of Allander Business Monitor is one of the first major surveys of Scottish firms post-election.
The figures show that the outlook for business activity, investment and employment are at their highest level since 2014. This follows a challenging end to 2019 for all these indicators.
Expectations of growth in the Scottish economy over the next year have also improved, with more firms believing it will be moderate, and less believing it will be weak.
The latest Scottish Chambers of Commerce (SCC) Quarterly Economic Indicator survey, in partnership with the Fraser of Allander Institute, for Q3 of 2019 was published today.
Summary
The Survey shows that businesses continue to struggle due to factors caused by Brexit uncertainty in the most recent quarter. Confidence remains on a downward trend in most sectors compared to the same period last year. Yet businesses, particularly in the financial and business services sector, are cautiously optimistic that a positive outcome to Brexit on 31 October could start restoring confidence in the Scottish economy.
The latest Addleshaw Goddard Scottish Business Monitor was published today.
The survey provides a snapshot of activity in the Scottish economy in advance of national statistics. The survey also monitors optimism in the economy and therefore acts as a gauge of future activity levels.
The latest results
The latest Scottish Business Monitor covers activity up to the end of Q3 2019.
The Addleshaw Goddard Scottish Business Monitor, the first to be produced in a partnership between the Fraser of Allander Institute and the international law firm, revealed –
Today the latest Scottish Business Monitor (SBM) was published.
2019 marks the 22nd year the SBM has been run by the Fraser of Allander. The survey provides a snapshot of activity in the Scottish economy well in advance of official data. It also acts as a gauge of future activity levels by monitoring the optimism level of firms.
