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Abstract
This report summarises the key results from our latest Fraser of Allander Institute (FAI) Scottish Business Monitor.
The survey sampled over 350 firms in August and September from across the Scottish economy, examining business sentiment in Q3 2024 and the outlook for the year ahead.
In Q3 2024, business sentiment remains consistently positive. Firms are reporting an increase in employment levels, and cost pressures are easing. Recent interest rate cuts are helping a more favourable climate for investment, leading to a noticeable reduction in the challenges businesses are facing compared to this time last year.
Despite these positive indicators, some challenges remain. Ongoing issues related to exports, investment, staff availability, and rising employee costs continue to pose significant hurdles for businesses. Consequently, while growth expectations are encouraging, they are somewhat tempered by these persistent concerns. As a result, one in four firms are now expecting modest growth in the Scottish economy over the coming year.
The survey sampled over 350 firms in August and September from across the Scottish economy, examining business sentiment in Q3 2024 and the outlook for the year ahead.
In Q3 2024, business sentiment remains consistently positive. Firms are reporting an increase in employment levels, and cost pressures are easing. Recent interest rate cuts are helping a more favourable climate for investment, leading to a noticeable reduction in the challenges businesses are facing compared to this time last year.
Despite these positive indicators, some challenges remain. Ongoing issues related to exports, investment, staff availability, and rising employee costs continue to pose significant hurdles for businesses. Consequently, while growth expectations are encouraging, they are somewhat tempered by these persistent concerns. As a result, one in four firms are now expecting modest growth in the Scottish economy over the coming year.
| Original language | English |
|---|---|
| Place of Publication | Glasgow |
| Commissioning body | Addleshaw Goddard |
| Number of pages | 10 |
| Publication status | Published - 18 Oct 2024 |
Keywords
- economic activity
- scottish business
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Dive into the research topics of 'Scottish Business Monitor, 2024 Q3'. Together they form a unique fingerprint.Projects
- 1 Finished
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Scottish Business Monitor 2023-24
Spowage, M. (Principal Investigator), Congreve, E. (Principal Investigator), Sousa, J. (Principal Investigator) & Cooper, B. (Principal Investigator)
1/05/23 → 30/04/24
Project: Knowledge Exchange
Activities
- 1 Media Participation
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Cautious optimism remains as Scottish businesses seek economic certainty
Sousa, J. (Recipient), Gillan, B. (Contributor) & Cooper, B. (Contributor)
27 Jun 2024Activity: Public Engagement and Outreach › Media Participation