Publication - Research and analysis

Scottish economic bulletin: December 2023

Published: 21 December 2023
Directorate: Chief Economist Directorate
Topic: Economy
ISBN: 9781835218426

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 - Office for National Statistics (ons.gov.uk)

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

3. Bank rate maintained at 5.25% - December 2023 | Bank of England

4. Monetary Policy Report - November 2023 | Bank of England

5. Purchasing Managers’ Index Reports | Royal Bank of Scotland (rbs.co.uk)

6. Scottish Business Monitor Q3 2023: Investment a key issue for Scottish firms as business conditions deteriorate | FAI (fraserofallander.org)

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

8. Quarterly Economic Indicator - Scottish ChambersScottish Chambers

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

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

11. 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.

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

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

14. S&P Global, RBS Report on Jobs: https://www.natwestgroup.com/news-and-insights/news-room/press-releases/economic-analysis/2023/dec/royal-bank-of-scotland-report-on-jobs-november-2023.html

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

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

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

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

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

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

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

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