Scottish Business Sentiment Index

5 Concluding Remarks

The introduction of the Scottish BSI marks a significant advancement in measuring economic sentiment using real-time news analysis. The index demonstrates strong correlations with key economic indicators, such as GDP and employment levels, confirming its relevance as a reliable measure of business sentiment. Moreover, its responsiveness to major economic and political events underscores its potential as an early warning indicator for economic downturns and recoveries. Overall, the BSI serves as a powerful tool for economic analysis, offering policymakers, businesses, and analysts a dynamic measure of business confidence for Scotland.