Monthly economic brief: June 2022

Footnotes

1 GDP Monthly Estimate: April 2022 - gov.scot (www.gov.scot)

2 IHS Markit, RBS Purchasing Managers Index: RBS UK regional PMI report for May 2022 | Royal Bank of Scotland

3 S&P Global/CIPS, Flash UK Composite PMI: https://www.pmi.spglobal.com/Public/Home/PressRelease/834511f716ac401a8c27e90d556d6a8c

4 https://www.gov.scot/collections/business-and-innovation-statistics/#businessinsightsandconditionssurvey(bics)

5 BICS weighted Scotland estimates: data to wave 58 - gov.scot (www.gov.scot)

6 Labour Market Trends: June 2022 - gov.scot (www.gov.scot)

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

8 Labour Market Trends: June 2022 - gov.scot (www.gov.scot)

9 IHS Markit, S&P Global: RBS Report on Jobs for May: 0e2fba7138de425eac764302949b6c12 (spglobal.com)

10 Online job advert estimates - Office for National Statistics (ons.gov.uk)

11BICS weighted Scotland estimates: data to wave 58 - gov.scot (www.gov.scot)

12 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.

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

14 The latest consumer sentiment survey was undertaken between 4 – 29 May 2022.

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

16 Scottish Government analysis of COVID-19 Community Mobility Reports (google.com) data published by google

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

18 Money and Credit - May 2022 | Bank of England

19 Consumer price inflation, UK - Office for National Statistics

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

21 Bank Rate increased to 1.25% - June 2022 | Bank of England

22 OECD Economic Outlook

23 Forecasts for the UK economy - GOV.UK (www.gov.uk)

24 Scotland’s Economic and Fiscal Forecasts – May 2022 | Scottish Fiscal Commission

25 https://fraserofallander.org/publications/fai-economic-commentary-2022-q2/