Scottish Consumer Sentiment Indicator: 2024 Quarter 2

Key Points

In Quarter 2 2024 (April to June), the Scottish Consumer Sentiment Indicator turned positive and stood at 2.4, increasing by 8.5 points compared to Q1 2024 and indicating a strengthening in sentiment over the quarter.

Sentiment has improved over the past year as a whole, with the indicator increasing 14.2 points compared to Q2 2023. The indicator is stronger than the quarterly series average (-1.7) and at its highest level since Q4 2021, reflecting the modest improvement in the economic and financial conditions facing households since the start of this year.

Introduction

The Scottish Consumer Sentiment Indicator is a composite measure of consumer sentiment in Scotland based on a quarterly survey of households’ current sentiment and future expectations of: Scottish economic performance, security of households’ financial position, and attitudes to spending money. Excel tables of the results are available online alongside the publication, and include a monthly breakdown of the results.

The latest survey for Q2 2024 was conducted online between 1 April and 30 June 2024, with a total sample size of 3,111 adults. The indicator represents the balance of respondents who report that consumer sentiment is positive/negative.

An Official Statistics in Development Publication for Scotland

These statistics are official statistics in development. Official statistics in development may be new or existing statistics, and will be tested with users, in line with the standards of trustworthiness, quality, and value in the Code of Practice for Statistics.

Scottish Government statistics are regulated by the Office for Statistics Regulation (OSR). OSR sets the standards of trustworthiness, quality and value in the Code of Practice for Statistics that all producers of official statistics should adhere to.