Review of Scottish business surveys [November 2011]

Cliff Lockyer, Eleanor Malloy

Research output: Contribution to journalArticle

Abstract

Increasingly surveys of Scottish business, in common with UK and European surveys, have highlighted the continuing and deepening concerns as to the sovereign debt crisis in the Euro zone. These, together with growing fears of recession coupled with more signs of a slow down both in the UK and internationally, forecasts of lower rates of growth in 2012, consumer insecurity, pressures on household spending, rising energy costs and continued difficulties in obtaining finance have all contributed to a dampening of business confidence and activity. However, the Scottish Engineering Review (Q3) retained a positive outlook, as did the Oil and Gas UK Quarterly Index (Q2), albeit more modestly and with more reservations it noted the announcement of a substantial investment and ‘the Government’s apparent willingness to engage with companies to lessen the negative impacts may have reassured companies and resulted in a slightly more positive outlook’.
LanguageEnglish
Pages34-37
Number of pages4
JournalFraser of Allander Economic Commentary
Volume35
Issue number2
Publication statusPublished - Nov 2011

Fingerprint

Business survey
Euro zone
Oil
Willingness
Reservation
Recession
Household
Confidence
Government
Finance
Gas
Announcement
Sovereign debt crises
Energy cost

Keywords

  • Scottish business performance
  • Scottish economic performance
  • business forecasts

Cite this

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Review of Scottish business surveys [November 2011]. / Lockyer, Cliff; Malloy, Eleanor.

In: Fraser of Allander Economic Commentary, Vol. 35, No. 2, 11.2011, p. 34-37.

Research output: Contribution to journalArticle

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