Scottish economic insights: November 2023

Footnotes

1. Sources in the table below: Economic Performance: GDP statistics, S&P Global RBS PMI. Labour Market: Labour Market Statistics, S&P Global RBS Report on Jobs, Business Insights and Conditions Survey (BICS), ONS Real Time Information Statistics. Trade: HMRC Regional Trade Statistics, S&P Global UK PMI, BICS, Economic Policy Uncertainty (EPU). Prices: ONS, Food and Agricultural Organisation of the UN. UK Public Finances: ONS. Outlook: S&P Global RBS PMI, Scottish Consumer Sentiment Indicator, Economic Policy Uncertainty. 2 We also continue to monitor a wide range of indicators in our Scottish Economic Bulletin: Scottish economic bulletin: October 2023 - gov.scot (www.gov.scot)

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

3. ICP.M.U2.N.000000.4.ANR | ECB Data Portal (europa.eu)

4. Bureau of Labor Statistics Data (bls.gov)

5. Commodity Markets (worldbank.org)

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

7. Economic Policy Uncertainty Index

8. Bank rate maintained at 5.25% - November 2023 | Bank of England

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

10. SCC QEI Q3 2023 - Report (scottishchambers.org.uk)

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

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

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

14. FAI Economic Commentary 2023 Q3 | FAI (fraserofallander.org)

15. Scotland's economy is flat but recession to be avoided | EY UK

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

17. S&P Global, RBS Report on Jobs: Royal Bank of Scotland Report on Jobs – October 2023 | NatWest Group

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

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

20. Average weekly earnings in Great Britain - Office for National Statistics (ons.gov.uk)

21. Agents' summary of business conditions - 2023 Q3 | Bank of England