Monthly economic brief: December 2022

The monthly economic brief provides a summary of latest key economic statistics, forecasts and analysis on the Scottish economy.


Footnotes

1. GDP first quarterly estimate: 2022 Quarter 3 (July to September) - gov.scot (www.gov.scot)

2. GDP monthly estimate, UK - Office for National Statistics (ons.gov.uk)

3. Consumer price inflation, UK - Office for National Statistics

4. Bank Rate increased to 3% - November 2022 | Bank of England

5. S&P Global, RBS Purchasing Managers Index: Royal Bank of Scotland PMI report for October 2022 | Royal Bank of Scotland (rbs.co.uk)

6. S&P Global/CIPS UK PMI: c9088b35645b4075925dc0388e005e56 (spglobal.com)

7. Producer price inflation, UK - Office for National Statistics (ons.gov.uk)

8. BICS weighted Scotland estimates: data to wave 69 - gov.scot (www.gov.scot)

9. Labour Market Trends: November 2022 - gov.scot (www.gov.scot)

10. Earnings and employment from Pay As You Earn Real Time Information, seasonally adjusted - Office for National Statistics (ons.gov.uk)

11. Royal Bank of Scotland Report on Jobs | NatWest Group, 9962424e4e23435c8d2ad08766e17671 (spglobal.com)

12. BICS weighted Scotland estimates: data to wave 69 - gov.scot (www.gov.scot)

13. The rates of earnings growth during the pandemic need to be interpreted with caution as base effects, compositional factors and the furlough scheme have all influenced the data.

14. Earnings and employment from Pay As You Earn Real Time Information, seasonally adjusted - Office for National Statistics (ons.gov.uk)

15. The latest consumer sentiment survey was undertaken between 7 – 31 October 2022.

16. Scottish Consumer Sentiment Indicator : Monthly Data - gov.scot (www.gov.scot)

17. Public opinions and social trends, Great Britain - Office for National Statistics

18. Retail sales, Great Britain - Office for National Statistics (ons.gov.uk)

19. Money and Credit - October 2022 | Bank of England

20. OECD Economic Outlook

21. Monetary Policy Report - November 2022 | Bank of England; Economic and Fiscal Outlook - November 2022 (obr.uk)

22. Forecasts for the UK economy: November 2022 - GOV.UK (www.gov.uk)

23. FAI Economic Commentary 2022 Q3 | FAI (fraserofallander.org)

Contact

Email: OCEABusiness@gov.scot

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