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.
The Scottish Business Monitor Results for Q1 2019 are summarised in the PDF below.
You can download the PDF here: https://www.sbs.strath.ac.uk/economics/fraser/20190325/Business-Monitor-Q1-2019.pdf
With only 3 weeks to go until the UK is scheduled to leave the EU, Scottish Businesses still don’t have any certainty over the terms of the exit, and crucially, if there will be any sort of transition to future arrangements.
Ahead of a series of votes in the House of Commons next week, we’ve been asking businesses in Scotland about Brexit and their preparations for it. We asked firms from across the country, and from a variety of different sectors.
The focus was not on whether businesses believe Brexit to be good or bad, but instead, how Brexit is affecting different areas of their day-to-day activities such as investment and recruitment. Also, we were interested to find out to what extent firms have embarked upon any plans in preparation for Brexit: specifically whether they are prepared for a no deal Brexit.
This blog summarises the results of our survey.
Yesterday, the latest Scottish Business Monitor (SBM) was published. The survey is supported by Royal Bank of Scotland.
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.
This latest Scottish Business Monitor covers activity up to the end of Q4 2018 and provides expectations to May 2020.
This latest data shows that the Scottish economy continued to grow in the final few months of 2018.
Our headline FAI Business Activity Index slipped a little from a net balance of 16% in Q3 to 10% in Q4. Whilst this is above the long-term series average, it is lower than businesses were expecting just three months ago. Small businesses appear to be the most gloomy.
Also of concern is the fact that businesses in Scotland are reporting not just a decline in investment – as has been the case now since early 2017 – but also a modest fall back in export activity.
See the full details of the publication here.
The last month has been a tumultuous time in the Brexit negotiations following the publication of the Prime Minister’s Chequers plan and the subsequent resignation of senior UK Ministers.
To help understand how businesses in Scotland are viewing recent developments, over the course of July we have been speaking to around 350 businesses from across the country (and from a variety of different sectors).
The focus of the survey was not on whether or not businesses believe Brexit to be good or bad, but instead, how their preparatory plans were taking shape.
This blog summarises the results of our survey – with a full run down of the results to be published in next month’s Economic Commentary which we’ll be publishing in partnership with Deloitte.Continue reading
