The latest CBI Industrial Trends Survey and the Scottish Chambers' Business Survey (SCBS)were carried out between March and April and between April and May respectively. The results of both surveys refer to the first quarter of 1989, against a background of sliding sterling, high interest rates, and rising inflation. It is perhaps not surprising that the SCBS, which was more optimistic than the CBI survey in the last report, reserves a cautious view on the immediate outlook for the Scottish economy, particularly for the manufacturing industry. The CBI survey shows a continuing fall in business confidence for the second consecutive survey.
|Number of pages||41|
|Journal||Quarterly Economic Commentary|
|Publication status||Published - 1 Jun 1989|
- Fraser of Allander
- Scottish economic activity
- Scottish economic conditions