- 30 Oct 2020
In Q3 2020, the Scottish Consumer Sentiment Indicator stood at -18.8, a record low in the quarterly series. Compared to Q1 2020, the previous quarterly data point available and prior to the full impacts of the coronavirus pandemic, the overall indicator decreased by 15.5 points, implying a significant weakening in sentiment over the period.
Important information about this release
This is the first publication of the Scottish Consumer Sentiment Indicator since January 2020, with publication interrupted due to the coronavirus pandemic.
The indicator is a composite measure of consumer sentiment in Scotland based on a quarterly survey of households’ current sentiment and future expectations of: Scottish economic performance, security of households’ financial position, and attitudes to spending money.
The Scottish Consumer Sentiment Indicator is an experimental statistics release. It remains in development and we are gathering views on the content, style and presentation.
The latest survey for Q3 2020 was conducted between the 1 st July and 27th September 2020. The indicator represents the balance of respondents who report that consumer sentiment is positive/negative. Due to the coronavirus pandemic, data collection currently takes place online.
Further results and information about the statistics can be found in the dowloads below.