Information

State of the economy: October 2022

This report summarises recent developments in the global and Scottish economy and provides an analysis of the performance of, and outlook for, the Scottish economy.

This document is part of a collection


Footnotes

1. Sources in the table below: Economic Performance: GDP statistics, S&P Global RBS PMI. Labour Market: Labour Market Statistics, S&P Global RBS Report on Jobs, Business Insights and Conditions Survey (BICS), ONS Real Time Information Statistics. Trade: HMRC Regional Trade Statistics, S&P Global UK PMI, Economic Policy Uncertainty (EPU), BICS. Prices: ONS, Food and Agricultural Organisation of the UN. UK Public Finances: ONS. Outlook: S&P Global RBS PMI, Scottish Consumer Sentiment Indicator, Economic Policy Uncertainty.

2. We also continue to monitor a wide range of indicators in our Monthly Economic Brief: Monthly economic briefs - gov.scot (www.gov.scot)

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

4. Economy statistics - gov.scot (www.gov.scot) , GDP monthly estimate, UK - Office for National Statistics (ons.gov.uk)

5. Royal Bank of Scotland PMI report for September 2022 | Royal Bank of Scotland (rbs.co.uk)

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

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

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

9. Labour market statistics - gov.scot (www.gov.scot)

10. Royal Bank of Scotland Report on Jobs – October 2022 | NatWest Group

11. World Economic Outlook, October 2022: Countering the Cost-of-Living Crisis (imf.org)

12. Monetary Policy Report - August 2022 | Bank of England

13. Bank Rate increased to 2.25% - September 2022 | Bank of England

14. Bank of England announces gilt market operation | Bank of England

15. Bank Rate increased to 2.25% - September 2022 | Bank of England

16. Energy Trends: UK electricity - GOV.UK (www.gov.uk)

17. The long squeeze: rising inflation and the current government support package | Institute for Fiscal Studies (ifs.org.uk)

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

19. BICS weighted Scotland estimates: data to wave 66 - gov.scot (www.gov.scot)

20. Business energy spending: experimental measures from the Office for National Statistics' business surveys - Office for National Statistics (ons.gov.uk)

Contact

Email: OCEABusiness@gov.scot

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