Scottish Business Monitor Q1 2021

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Scottish Business Monitor, 2021 Q1

This report summarises the key results from our latest Fraser of Allander (FAI) Scottish Business Monitor, published in partnership with Addleshaw Goddard.

As restrictions start to ease and the wider economy re-opens across Scotland, the Scottish Business Monitor survey published today (28 April 2021) highlights that business sentiment has improved since the last quarter of 2020.

The latest Addleshaw Goddard Business Monitor report – produced in partnership with the University of Strathclyde’s Fraser of Allander Institute – indicates that firms are more optimistic about their expected volume of business over the next six months with employment also expected to increase.

Following a survey conducted among more than 500 Scottish firms, almost 90% are confident that their chance of survival over the next six months is somewhat or very likely. The outlook for economic growth has also improved with 25% expecting a positive 12 months.

However, Brexit has created a negative impact on trading for nearly two-thirds (64%) of businesses which trade with the EU, with only three per cent reporting an increase in activity since the end of the UK’s transition period.

Authors

James is part of the knowledge exchange team, which involves connecting academia to business, government, and the public. He has a Masters in Applied Economics, a degree in Mathematics, Statistics & Economics and is experienced in working on a wide range of projects for public and private sector clients.

Ben is part of the Knowledge Exchange team within the Institute and has experience working on a wide variety of projects for public and private sector organisations. He has a degree in Economics and is currently studying for an MSc on the Scottish Graduate Programme in Economics.

Mairi is the Director of the Fraser of Allander Institute. Previously, she was the Deputy Chief Executive of the Scottish Fiscal Commission and the Head of National Accounts at the Scottish Government and has over a decade of experience working in different areas of statistics and analysis.

Part of Collection

The quarterly Fraser of Allander Scottish Business Monitor, in partnership with Addleshaw Goddard, provides a snapshot of activity and business sentiment in the Scottish economy.