Scottish Business Monitor, 2021 Q4

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

The survey sampled over 400 firms in December and January from across the Scottish economy.

The survey examined business sentiment in the fourth quarter of 2021 and the outlook and expectations through the end of 2021 and the beginning of 2022.

Our survey results show that business sentiment remained positive in the fourth quarter of 2021, with all core indicators except export activity remaining optimistic for the entirety of 2021.


Ben is an economist at the Fraser of Allander Institute working across a number of projects areas. He has a Masters in Economics from the University of Edinburgh, and a degree in Economics from the University of Strathclyde.

His main areas of focus are economic policy, social care and criminal justice in Scotland. Ben also co-edits the quarter Economic Commentary and has experience in business survey design and dissemination.

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.

James is a Fellow at the Fraser of Allander Institute. He specialises in economic policy, modelling, trade and climate change.

His work includes the production of economic statistics to improve our understanding of the economy, economic modelling and analysis to enhance the use of these statistics for policymaking, data visualisation to communicate results impactfully, and economic policy to understand how data can be used to drive decisions in Government.

For example, he is particularly interested in better understanding the relationship between exports and the resulting outcomes for different parts of society.

James also employs a number of multi-discliplinary skills in his work and he runs a number of the FAI's operations. These include managing teams for project management ops, web, publication design, digital marketing, and more.

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.