- 5 Feb 2021
In Q4 2020, the Scottish Consumer Sentiment Indicator stood at -21.5, a record low. Compared to Q3 2020, the overall indicator decreased by 2.7 points, implying a weakening in sentiment over the period. This reflects the unprecedented impact and uncertainty being caused by the pandemic for both the economy and household finances. However, households continue to expect the outlook for both of these to improve over the next 12 months.
Important information about this release
The Scottish Consumer Sentiment 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 statistical release. It remains in development and we are gathering views on the content, style and presentation. The latest survey for Q4 2020 was conducted between 30 September and 21 December 2020. The indicator represents the balance of respondents who report that consumer sentiment is positive/negative.
Further results and information about the statistics can be found in the dowloads below.