Publication - Research and analysis

Scottish economic bulletin: February 2024

Published: 9 February 2024
From: Chief Economist
Directorate: Chief Economist Directorate
Topic: Economy
ISBN: 9781835219720

Provides a summary of latest key economic statistics, forecasts and analysis on the Scottish economy.

Footnotes

1 Economy statistics - gov.scot (www.gov.scot) , GDP monthly estimate, UK Statistical bulletins - Office for National Statistics (ons.gov.uk)

2 Consumer price inflation, UK - Office for National Statistics

3 Bank rate maintained at 5.25% - February 2024 | Bank of England

4 Monetary Policy Report - February 2024 | Bank of England

5 Purchasing Managers’ Index Reports | Royal Bank of Scotland (rbs.co.uk) ; 83c380b9efc94959add0e817874891c8 (spglobal.com)

6 Business and innovation statistics - gov.scot (www.gov.scot)

7 Quarterly Economic Indicator - Scottish ChambersScottish Chambers

8 Producer price inflation, UK Statistical bulletins - Office for National Statistics (ons.gov.uk). Prices of goods bought and sold by UK manufacturers, including price indices of materials and fuels purchased and factory gate prices.

9 Labour market statistics - gov.scot (www.gov.scot)

10 Due to the increased uncertainty around the Labour Force Survey (LFS), these estimates are based on the ONS new experimental series for the UK and regions of the UK which use additional data sources to produce adjusted levels and rates for employment, unemployment and inactivity for May to July 2023 onwards.

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

12 Nomis - Official Census and Labour Market Statistics (nomisweb.co.uk)

13 S&P Global, RBS Report on Jobs: Royal Bank of Scotland Report on Jobs – December 2023 | NatWest Group

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

15 Economy statistics - gov.scot (www.gov.scot)

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

17 Monthly Direct Debit failure rate and average transaction amount - Office for National Statistics (ons.gov.uk)

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

19 Effective interest rates - A visual summary of our data | Bank of England

20 Scottish Fiscal Commission – Scotland's official, independent economic and fiscal forecaster

21 Home - Office for Budget Responsibility (obr.uk)

22 Monetary Policy Report - February 2024 | Bank of England