The Scottish economy [June 1993]

Mark McFarland, Brian Ashcroft, Paul Draper, Stewart Dunlop, Campbell Leith, Sarah Le Tissier, Cliff Lockyer, Eleanor Malloy, Tony McGough, Peter McGregor, Iain McNicoll, Eric McRory, Clare Reid, Ronnie Smith, Jim Stevens, Kim Swales, Ya Ping Yin, Mark McFarland (Editor), Stewart Dunlop (Editor), Fraser of Allander Institute

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Abstract

The latest official release of the seasonally adjusted output index for Scottish production industries (Divisions 1 to 4 of the 1980 SIC) shows a marked increase (4.7%) in the final quarter over the previous quarter last year. This increase is due
largely to a dramatic 30% increase in the output of the electrical and instrument engineering industries in the final quarter. However, considering the overall performance of the UK manufacturing industry (including the electrical and instrument engineering industries which experienced a more modest growth of 3% in the same period), and given all the information contained in various business surveys, such a substantial increase in Scottish production output should, we think, be treated with caution.
Original languageEnglish
Pages (from-to)10-51
Number of pages43
JournalQuarterly Economic Commentary
Volume18
Issue number4
Publication statusPublished - Jun 1993

Keywords

  • Scottish economic trends
  • economic forecasts
  • Scottish economic output
  • Scottish gross domestic product (GDP)
  • European economy
  • industrial output
  • unemployment patterns
  • labour market trends
  • Scottish Chambers' Business Survey
  • business confidence

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    McFarland, M., Ashcroft, B., Draper, P., Dunlop, S., Leith, C., Le Tissier, S., ... Fraser of Allander Institute (1993). The Scottish economy [June 1993]. Quarterly Economic Commentary, 18(4), 10-51.