Monthly economic brief: March 2022

Footnotes

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

^2. IHS Markit, RBS Purchasing Managers Index: RBS | Scotland PMI survey report for February 2022 (rbsbusinesshub.com)

^3. BICS weighted Scotland estimates: data to wave 51 - gov.scot (www.gov.scot)

^4. S&P Global/CIPS, Flash UK Composite PMI: https://www.markiteconomics.com/Public/Home/PressRelease/ce71b9c4fafa4456a9845182907c14c5

^5. BICS weighted Scotland estimates: data to wave 51 - gov.scot (www.gov.scot)

^6. BICS weighted Scotland estimates: data to wave 51 - gov.scot (www.gov.scot)

^7. IHS Markit, RBS Purchasing Managers Index: RBS | Scotland PMI survey report for February 2022 (rbsbusinesshub.com)

^8. S&P Global/CIPS, Flash UK Composite PMI: https://www.markiteconomics.com/Public/Home/PressRelease/ce71b9c4fafa4456a9845182907c14c5

^9. BICS weighted Scotland estimates: data to wave 51 - gov.scot (www.gov.scot)

^10. Export statistics Scotland: 2019 - gov.scot (www.gov.scot)

^11. OECD Economic Outlook

^12. As at 30 March 2022.

^13. Economic and fiscal outlook - March 2022 - Office for Budget Responsibility (obr.uk)

^14. Labour market trends: March 2022 - gov.scot (www.gov.scot)

^15. Earnings and employment from Pay As You Earn Real Time Information, UK - Office for National Statistics (ons.gov.uk)

^16. Labour market trends: March 2022 - gov.scot (www.gov.scot)

^17. Scotland data (not seasonally adjusted) N21J - Office for National Statistics (ons.gov.uk)

^18. Scotland data (not seasonally adjusted) N21J - Office for National Statistics (ons.gov.uk)

^19. IHS Markit, S&P Global: RBS Report on Jobs for March: d0000616a2954e02a4f80aeddacc1b45 (markiteconomics.com)

^20. Online job advert estimates - Office for National Statistics (ons.gov.uk)

^21. BICS weighted Scotland estimates: data to wave 51 - gov.scot (www.gov.scot)

^22. BICS weighted Scotland estimates: data to wave 51 - gov.scot (www.gov.scot)

^23. Earnings and employment from Pay As You Earn Real Time Information, seasonally adjusted - Office for National Statistics (ons.gov.uk)

^24. 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.

^25. The latest consumer sentiment survey was undertaken between 2 – 27 February 2022.

^26. Scottish Consumer Sentiment Indicator : Monthly Data - gov.scot (www.gov.scot)

^27. The Economy Index is the average net balance of the current and expectation economy indictors. The Personal Circumstances index is the average net balance of the current and expected household finance indicators and attitude to spending indicator.

^28. Retail sales, Great Britain - Office for National Statistics (ons.gov.uk)

^29. Money and Credit - February 2022 | Bank of England

^30. Consumer price inflation, UK - Office for National Statistics

^31. Producer price inflation, UK - Office for National Statistics (ons.gov.uk)

^32. Bank Rate increased to 0.75% - March 2022 | Bank of England

^33. OECD Economic Outlook

^34. Economic and fiscal outlook - March 2022 - Office for Budget Responsibility (obr.uk)

^35. Forecasts for the UK economy: March 2022 - GOV.UK (www.gov.uk)

^36. Scotland's Economic and Fiscal Forecasts – December 2021 | Scottish Fiscal Commission

^37. Outlook for growth in 2022 worsens as cost increases begin to bite | FAI (fraserofallander.org)