The Addleshaw Goddard Scottish Business Monitor: Q3 2019
The latest Addleshaw Goddard Scottish Business Monitor was published today (September 26).
The survey provides a snapshot of activity in the Scottish economy in advance of national statistics. The survey also monitors optimism in the economy and therefore acts as a gauge of future activity levels.
The latest figures highlight that Scottish business activity has fallen over the last three months (June to August 2019) but long-term economic confidence remains positive against a backdrop of rising costs, falling investment and continued uncertainty.
The latest Addleshaw Goddard Scottish Business Monitor, the first to be produced in a partnership between the Fraser of Allander Institute and the international law firm, revealed:
- The FAI Business Activity Index, a measure of Scottish business activity, has fallen 9 percentage points since the last quarter, but remains positive at +5%.
- Financial services reported the strongest growth with a net 25% of businesses experiencing increased business activity. Businesses reporting growth in accommodation & food services declined to a net of -32%, whilst manufacturing slipped back into the negative with a net response of -2%.
- The majority of businesses (71%) expect costs to increase over the next six months.
To read more about the latest Addleshaw Goddard Scottish Business Monitor for Q3 2019, click here https://www.addleshawgoddard.com/en/insights/insights-briefings/2019/general/fraser-of-allander-business-monitor-report/
Published: 26 September 2019