Review of Scottish business surveys [February 2010]

Lockyer, Cliff and Malloy, Eleanor (2010) Review of Scottish business surveys [February 2010]. Fraser of Allander Economic Commentary, 33 (3). pp. 31-34. ISSN 2046-5378

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Three themes have been evident in almost all recent surveys. Firstly, the Scottish economy was ‘clearly in a better position at the start of 2010 than it was twelve months ago’(Scottish Chambers’ Business survey Q4 2009). Secondly, business sales and optimism trends in the fourth quarter were not as strong as the third quarter. Thirdly, ‘the Scottish economy is set to emerge from recession and return to weak growth during the first quarter of 2010’ (Lloyds TSB monitor).