Fraser of Allander Institute: Economic Commentary [September 2017]

Fraser of Allander Institute

    Research output: Book/ReportOther report

    Abstract

    The Scottish economy returned to growth in the first 3 months of 2017. The upturn was driven by a bounce back in a number of manufacturing sectors. These same sectors had been some of the hardest hit in recent times, so holding on to such gains will be a success in its own right. Scottish unemployment is now at its lowest rate since the Labour Force Survey was first collected back in 1992. But newly revised data published last month confirmed that the economy contracted – albeit marginally – in 2016. And growth over the year remains below trend. The latest leading indicators suggest that the economy continues to recover, albeit at a relatively fragile pace. The latest Fraser of Allander – Royal Bank of Scotland Scottish Business Monitor published in July showed both a rise in repeat business and in new orders. The latest surveys also show that some sectors – such as tourism – have had a relatively buoyant summer. However, households still appear wary of the economic outlook. Consumer confidence remains negative with Scottish households more concerned about the outlook than those in the UK.
    LanguageEnglish
    Place of PublicationGlasgow
    PublisherUniversity of Strathclyde
    Number of pages66
    Publication statusPublished - 12 Sep 2017

    Publication series

    NameFraser of Allander Institute Economic Commentary
    PublisherUniversity of Strathclyde
    No.3
    Volume41
    ISSN (Electronic)2046-5378

    Fingerprint

    Economics
    Household
    Consumer confidence
    Manufacturing sector
    Tourism
    Unemployment
    Labor force
    Leading indicators
    Scotland

    Keywords

    • labour market trends
    • Scotland
    • Scottish economcs
    • economic forecasting

    Cite this

    Fraser of Allander Institute (2017). Fraser of Allander Institute: Economic Commentary [September 2017]. (Fraser of Allander Institute Economic Commentary; Vol. 41, No. 3). Glasgow: University of Strathclyde.
    Fraser of Allander Institute. / Fraser of Allander Institute : Economic Commentary [September 2017]. Glasgow : University of Strathclyde, 2017. 66 p. (Fraser of Allander Institute Economic Commentary; 3).
    @book{eb0acddca63242a3a8b6ab1546df63d0,
    title = "Fraser of Allander Institute: Economic Commentary [September 2017]",
    abstract = "The Scottish economy returned to growth in the first 3 months of 2017. The upturn was driven by a bounce back in a number of manufacturing sectors. These same sectors had been some of the hardest hit in recent times, so holding on to such gains will be a success in its own right. Scottish unemployment is now at its lowest rate since the Labour Force Survey was first collected back in 1992. But newly revised data published last month confirmed that the economy contracted – albeit marginally – in 2016. And growth over the year remains below trend. The latest leading indicators suggest that the economy continues to recover, albeit at a relatively fragile pace. The latest Fraser of Allander – Royal Bank of Scotland Scottish Business Monitor published in July showed both a rise in repeat business and in new orders. The latest surveys also show that some sectors – such as tourism – have had a relatively buoyant summer. However, households still appear wary of the economic outlook. Consumer confidence remains negative with Scottish households more concerned about the outlook than those in the UK.",
    keywords = "labour market trends, Scotland, Scottish economcs, economic forecasting",
    author = "{Fraser of Allander Institute}",
    year = "2017",
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    Fraser of Allander Institute 2017, Fraser of Allander Institute: Economic Commentary [September 2017]. Fraser of Allander Institute Economic Commentary, no. 3, vol. 41, University of Strathclyde, Glasgow.

    Fraser of Allander Institute : Economic Commentary [September 2017]. / Fraser of Allander Institute.

    Glasgow : University of Strathclyde, 2017. 66 p. (Fraser of Allander Institute Economic Commentary; Vol. 41, No. 3).

    Research output: Book/ReportOther report

    TY - BOOK

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    AB - The Scottish economy returned to growth in the first 3 months of 2017. The upturn was driven by a bounce back in a number of manufacturing sectors. These same sectors had been some of the hardest hit in recent times, so holding on to such gains will be a success in its own right. Scottish unemployment is now at its lowest rate since the Labour Force Survey was first collected back in 1992. But newly revised data published last month confirmed that the economy contracted – albeit marginally – in 2016. And growth over the year remains below trend. The latest leading indicators suggest that the economy continues to recover, albeit at a relatively fragile pace. The latest Fraser of Allander – Royal Bank of Scotland Scottish Business Monitor published in July showed both a rise in repeat business and in new orders. The latest surveys also show that some sectors – such as tourism – have had a relatively buoyant summer. However, households still appear wary of the economic outlook. Consumer confidence remains negative with Scottish households more concerned about the outlook than those in the UK.

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    KW - Scottish economcs

    KW - economic forecasting

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    Fraser of Allander Institute. Fraser of Allander Institute: Economic Commentary [September 2017]. Glasgow: University of Strathclyde, 2017. 66 p. (Fraser of Allander Institute Economic Commentary; 3).