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Scottish Business Monitor, 2022 Q3

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 450 firms in October from across the Scottish economy.

The survey examined business sentiment in the third quarter of 2022 and the outlook and expectations throughout 2022.

Our survey results show that business sentiment is now negative for the first time since the end of 2020, with over 7 in 10 firms in Scotland now expecting growth in the Scottish economy to be weak or very weak over the coming year.

Authors

Adam is an economist at the FAI who works closely with FAI partners and specialises in business analysis. Adam's research typically involves an assessment of business strategies and policies on economic, societal and environmental impacts. Adam also leads the FAI's quarterly Scottish Business Monitor.

Find out more about Adam.

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.

Calum is a Knowledge Exchange Assistant at the Fraser of Allander Institute (FAI) and a researcher at the Centre for Inclusive Trade Policy (CITP). He regularly contributes to key FAI publications like the quarterly Economic Commentary and the Scottish Business Monitor, as well as lectures on Strathclyde’s Applied Economics Master’s programme. At the CITP, Calum specialises in regional trade measurement and modelling using national accounts, with a particularly focus on the distributional impacts of trade. Calum holds an MSc in Economics from the University of Edinburgh.

Kate is a Knowledge Exchange Assistant at the FAI working across a number of project areas. She is currently studying for her MSc in Economics at the University of Edinburgh and has a bachelor’s degree in Economics from the University of Strathclyde. Kate is also the Outreach Coordinator at the Women in Economics Initiative which aims to encourage equal opportunity and improve representation in the field.

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.