Publication - Research and analysis

Monthly economic brief: August 2020

Published: 14 Aug 2020
From:
Gary Gillespie
Directorate:
Chief Economist Directorate
Part of:
Economy
ISBN:
9781839607752

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

Monthly economic brief: August 2020
Footnotes

Footnotes

1. Scotland: https://www.gov.scot/collections/economy-statistics/; UK: https://www.ons.gov.uk/economy/grossdomesticproductgdp; Eurozone: https://ec.europa.eu/eurostat/documents/2995521/11156775/2-31072020-BP-EN.pdf/cbe7522c-ebfa-ef08-be60-b1c9d1bd385b US: https://www.bea.gov/data/gdp/gross-domestic-product

2. ONS Business Impacts of COVID-19 Survey, Wave 10, 13 – 26 July. https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/coronavirusandtheeconomicimpactsontheuk/latest

3. IHS Markit, RBS Purchasing Managers Index, July 2020. https://www.markiteconomics.com/Public/Home/PressRelease/82cb776e2fd44e2aaa134ae7eda23cc2

4. The IHS Markit Purchasing Managers Index is between 0 and 100. Readings above 50 indicate an increase compared to the previous month, and below 50 a decrease.

5. https://www.gov.uk/government/statistics/regional-trade-in-goods-statistics-by-month-april-2020

6. HMRC UK Trade data for Scottish Ports

7. ONS Business Impacts of COVID-19 Survey, Wave 10, 13 – 26 July. https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/coronavirusandtheeconomicimpactsontheuk/latest

8. https://www.gov.scot/publications/monthly-business-turnover-index-june-2020/ The Index is between 0 and 100. Readings above 50 indicate an increase compared to the previous year, and below 50 a decrease.

9. ONS Business Impacts of COVID-19 Survey, Wave 10, 13 – 26 July. https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/coronavirusandtheeconomicimpactsontheuk/latest

10. ONS Business Impacts of COVID-19 Survey, Wave 10, 13 – 26 July. https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/coronavirusandtheeconomicimpactsontheuk/latest

11. https://www.addleshawgoddard.com/globalassets/insights/general/scottish-business-monitor-summer-2020/scottish-business-monitor-q2-2020.pdf

12. https://www.gov.uk/government/statistics/coronavirus-job-retention-scheme-statistics-july-2020

13. ONS Business Impacts of COVID-19 Survey, Wave 10, 13 – 26 July. https://www.ons.gov.uk/businessindustryandtrade/business/businessservices/bulletins/coronavirusandtheeconomicimpactsontheuk/latest

14. The labour Force Survey account for furloughed workers as employed, but temporarily away from work.

15. https://www.gov.scot/collections/labour-market-statistics/

16. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/articles/coronavirusandtheeffectsonuklabourmarketstatistics/2020-05-06

17. https://www.gov.scot/collections/labour-market-statistics/

18. https://www.markiteconomics.com/Public/Home/PressRelease/2e506f90094e4c63ae4f37c082925c83

19. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/earningsandemploymentfrompayasyouearnrealtimeinformationuk/august2020

20. https://www.gfk.com/en-gb/press/UK-Consumer-Confidence-holds-steady-for-July?hsLang=en-gb

21. Source: Scottish Retail Consortium.

22. https://www.bankofengland.co.uk/statistics/money-and-credit/2020/june-2020

23. https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2020

24. https://www.bankofengland.co.uk/news?NewsTypes=09f8960ebc384e3589da5349744916ae&Taxonomies=36308a372d1e44ee94e6b5915796c531&InfiniteScrolling=False&Direction=Latest

25. https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020

26. https://www.gov.scot/publications/monthly-economic-brief-2/

27. https://www.bankofengland.co.uk/-/media/boe/files/monetary-policy-report/2020/august/monetary-policy-report-august-2020.pdf?la=en&hash=75D62D3B4C23A8D30D94F9B79FC47249000422FE

28. https://www.gov.uk/government/collections/data-forecasts#2020


Contact

Email: OCEABusiness@gov.scot