The Scottish economy [September 1992]

Mark McFarland; Brian Ashcroft; Paul Draper; Stewart Dunlop; Kevin Leif; Jim Love; Cliff Lockyer; Eleanor Malloy; Peter McGregor; Iain McNicoll; Eric McRory; Jim Stevens; Kim Swales; Ya Ping Yin; Mark McFarland; Fraser of Allander Institute

The Scottish economy [September 1992]

Mark McFarland
, Brian Ashcroft
, Paul Draper
, Stewart Dunlop
, Kevin Leif
, Jim Love
, Cliff Lockyer
, Eleanor Malloy
, Peter McGregor
, Iain McNicoll
, Eric McRory
, Jim Stevens
, Kim Swales
, Ya Ping Yin
, Mark McFarland (Editor)
, Fraser of Allander Institute

Research output: Contribution to journal › Article

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Abstract

There are quite significant revisions in the latest index of production and construction for Scotland released recently by the Scottish Office. For example, a fall of 0.2% recorded in the May issue of the official news release in die seasonally adjusted output index for production industries (Division 1 to 4 of the 1980 SIC) in the final quarter last year is now revised to be a rise of 0.2%. The latest news release (11 August) also shows a further decline of 2% in output in the first quarter this year.

These revisions have a major impact on our forecasts. Our last forecast was led to point to the wrong directions in both of the above cases. The present forecast is based on the revised official data and National Institute's revised UK output forecast. The latter has been revised down quite substantially from the previous forecast. Our present forecasting period extends to the fourth quarter of 1993.

Original language	English
Pages (from-to)	11-55
Number of pages	45
Journal	Quarterly Economic Commentary
Volume	18
Issue number	1
Publication status	Published - Sept 1992

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 15 Life on Land

Keywords

Scottish economic trends
economic forecasts
Scottish economic performance
industrial production
Scottish GDP growth
Scottish gross domestic product (GDP)
Scotland
industrial output
unemployment patterns
labour market trends
business confidence

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title = "The Scottish economy [September 1992]",

abstract = "There are quite significant revisions in the latest index of production and construction for Scotland released recently by the Scottish Office. For example, a fall of 0.2\% recorded in the May issue of the official news release in die seasonally adjusted output index for production industries (Division 1 to 4 of the 1980 SIC) in the final quarter last year is now revised to be a rise of 0.2\%. The latest news release (11 August) also shows a further decline of 2\% in output in the first quarter this year. These revisions have a major impact on our forecasts. Our last forecast was led to point to the wrong directions in both of the above cases. The present forecast is based on the revised official data and National Institute's revised UK output forecast. The latter has been revised down quite substantially from the previous forecast. Our present forecasting period extends to the fourth quarter of 1993.",

keywords = "Scottish economic trends, economic forecasts, Scottish economic performance, industrial production, Scottish GDP growth, Scottish gross domestic product (GDP), Scotland, industrial output, unemployment patterns, labour market trends, business confidence",

author = "Mark McFarland and Brian Ashcroft and Paul Draper and Stewart Dunlop and Kevin Leif and Jim Love and Cliff Lockyer and Eleanor Malloy and Peter McGregor and Iain McNicoll and Eric McRory and Jim Stevens and Kim Swales and Yin, \{Ya Ping\} and Mark McFarland and \{Fraser of Allander Institute\}",

year = "1992",

month = sep,

language = "English",

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T1 - The Scottish economy [September 1992]

AU - McFarland, Mark

AU - Ashcroft, Brian

AU - Draper, Paul

AU - Dunlop, Stewart

AU - Leif, Kevin

AU - Love, Jim

AU - Lockyer, Cliff

AU - Malloy, Eleanor

AU - McGregor, Peter

AU - McNicoll, Iain

AU - McRory, Eric

AU - Stevens, Jim

AU - Swales, Kim

AU - Yin, Ya Ping

AU - Fraser of Allander Institute

A2 - McFarland, Mark

PY - 1992/9

Y1 - 1992/9

N2 - There are quite significant revisions in the latest index of production and construction for Scotland released recently by the Scottish Office. For example, a fall of 0.2% recorded in the May issue of the official news release in die seasonally adjusted output index for production industries (Division 1 to 4 of the 1980 SIC) in the final quarter last year is now revised to be a rise of 0.2%. The latest news release (11 August) also shows a further decline of 2% in output in the first quarter this year. These revisions have a major impact on our forecasts. Our last forecast was led to point to the wrong directions in both of the above cases. The present forecast is based on the revised official data and National Institute's revised UK output forecast. The latter has been revised down quite substantially from the previous forecast. Our present forecasting period extends to the fourth quarter of 1993.

AB - There are quite significant revisions in the latest index of production and construction for Scotland released recently by the Scottish Office. For example, a fall of 0.2% recorded in the May issue of the official news release in die seasonally adjusted output index for production industries (Division 1 to 4 of the 1980 SIC) in the final quarter last year is now revised to be a rise of 0.2%. The latest news release (11 August) also shows a further decline of 2% in output in the first quarter this year. These revisions have a major impact on our forecasts. Our last forecast was led to point to the wrong directions in both of the above cases. The present forecast is based on the revised official data and National Institute's revised UK output forecast. The latter has been revised down quite substantially from the previous forecast. Our present forecasting period extends to the fourth quarter of 1993.

KW - Scottish economic trends

KW - economic forecasts

KW - Scottish economic performance

KW - industrial production

KW - Scottish GDP growth

KW - Scottish gross domestic product (GDP)

KW - Scotland

KW - industrial output

KW - unemployment patterns

KW - labour market trends

KW - business confidence

UR - http://www.strath.ac.uk/frasercommentary/

UR - http://www.strath.ac.uk/fraser/

M3 - Article

SN - 0306-7866

VL - 18

SP - 11

EP - 55

JO - Quarterly Economic Commentary

JF - Quarterly Economic Commentary

IS - 1

ER -

The Scottish economy [September 1992]

Abstract

UN SDGs

Keywords

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