Monthly economic brief: December 2021

Footnotes

1. https://www.gov.scot/collections/economy-statistics/#gdpmonthlyestimates

2. IHS Markit, RBS Purchasing Managers Index, November 2021. RBS | Scottish private sector records another strong performance (rbsbusinesshub.com)

3. BICS weighted Scotland estimates: data to wave 44 - gov.scot (www.gov.scot)

4. BICS weighted Scotland estimates: data to wave 44 - gov.scot (www.gov.scot)

5. BICS weighted Scotland estimates: data to wave 44 - gov.scot (www.gov.scot)

6. IHS Markit, RBS Purchasing Managers Index, November 2021. RBS | Scottish private sector records another strong performance (rbsbusinesshub.com)

7. BICS weighted Scotland estimates: data to wave 44 - gov.scot (www.gov.scot)

8. BICS weighted Scotland estimates: data to wave 44 - gov.scot (www.gov.scot)

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

10. Coronavirus Job Retention Scheme statistics: 16 December 2021 - GOV.UK (www.gov.uk)

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

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

13. IHS Markit: RBS Report on Jobs for November: 93ab54ef41454eee87c84ce9ef383b65 (markiteconomics.com)

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

15. BICS weighted Scotland estimates: data to wave 44 - gov.scot (www.gov.scot)

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

17. 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.

18. IHS Markit: RBS Report on Jobs: 93ab54ef41454eee87c84ce9ef383b65 (markiteconomics.com)

19. The latest consumer sentiment survey was undertaken between 27 October and 21 November 2021.

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

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

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

23. Money and Credit - October 2021 | Bank of England

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

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

26. Bank Rate increased to 0.25% - December 2021 | Bank of England

27. Scotland's Economic and Fiscal Forecasts – December 2021 | Scottish Fiscal Commission

28. FAI Economic Commentary, 2021 Q4 | FAI (fraserofallander.org)

29. Monetary Policy Report - November 2021 | Bank of England

30. Bank Rate increased to 0.25% - December 2021 | Bank of England

31. Forecasts for the UK economy: December 2021 - GOV.UK (www.gov.uk)

32. World Economic Outlook, October 2021 (imf.org)

33. OECD Economic Outlook