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

Published: 26 September 2019

Contact details

 Undergraduate admissions
 +44 (0)141 548 4114 

 Postgraduate admissions
 +44(0)141 553 6118 / 6119


Strathclyde Business School
University of Strathclyde
199 Cathedral Street
G4 0QU

Triple accredited

AACSB, AMBA and Equis logos
PRME logo