State of the economy: May 2022

Footnotes

^1. WEO/Issues/2022/04/19/world-economic-outlook-april-2022">World Economic Outlook, April 2022: War Sets Back The Global Recovery (imf.org)

^2. Monthly GDP Estimate: February 2022: https://www.gov.scot/publications/monthly-gdp-february-2022/

^3. GDP monthly estimate, UK - Office for National Statistics (ons.gov.uk)

^4. RBS Purchasing Managers Index: 3584a89617ad452f9e1370a1f294fa99 (markiteconomics.com)

^5. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^6. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^7. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^8. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^9. RBS Purchasing Managers Index: 3584a89617ad452f9e1370a1f294fa99 (markiteconomics.com)

^10. Quarterly Economic Indicator - Scottish ChambersScottish Chambers

^11. GDP Quarterly National Accounts: 2021 Quarter 4 (October to December) - gov.scot (www.gov.scot)

^12. scc qei template (scottishchambers.org.uk)

^13. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^14. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^15. UK regional trade in goods statistics: fourth quarter 2021 - UK Trade Info

^16. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^17. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^18. UK trade in the wake of Brexit - UK in a changing Europe (ukandeu.ac.uk)

^19. Post-Brexit: UK Trade in Goods « UK Trade Policy Observatory (sussex.ac.uk)

^20. Labour market statistics - gov.scot (www.gov.scot)

^21. Earnings and employment from Pay As You Earn Real Time Information, UK - Office for National Statistics (ons.gov.uk)

^22. Scotland data (not seasonally adjusted) JM22 - Office for National Statistics (ons.gov.uk)

^23. Royal Bank of Scotland Report on Jobs – April 2022 | NatWest Group

^24. Online job advert estimates - Office for National Statistics (ons.gov.uk)

^25. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^26. BICS weighted Scotland estimates: data to wave 55 - gov.scot (www.gov.scot)

^27. Earnings and employment from Pay As You Earn Real Time Information, seasonally adjusted - Office for National Statistics (ons.gov.uk)

^28. 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.

^29. The latest consumer sentiment survey was undertaken between 30 March – 24 April 2022.

^30. Scottish Consumer Sentiment Indicator : Monthly Data - gov.scot (www.gov.scot)

^31. The figures are taken from Covid-19 Community Mobility Reports published by Google and represent 7-day moving averages to control for daily volatility.

^32. Retail sales, Great Britain - Office for National Statistics (ons.gov.uk)

^33. Money and Credit - March 2022 | Bank of England

^34. Consumer price inflation, UK - Office for National Statistics

^35. Monetary Policy Report - May 2022 | Bank of England

^36. Producer price inflation, UK - Office for National Statistics (ons.gov.uk)

^37. Monetary Policy Report - May 2022 | Bank of England

^38. WEO/Issues/2022/04/19/world-economic-outlook-april-2022">World Economic Outlook, April 2022: War Sets Back The Global Recovery (imf.org)

^39. OECD Economic Outlook

^40. Economic and fiscal outlook - March 2022 - Office for Budget Responsibility (obr.uk)

^41. Monetary Policy Report - May 2022 | Bank of England

^42. Forecasts for the UK economy: April 2022 - GOV.UK (www.gov.uk)

^43. Outlook for growth in 2022 worsens as cost increases begin to bite | FAI (fraserofallander.org)