Scottish Chambers' Business Survey [December 2001]

Lockyer, Cliff and Malloy, Eleanor (2001) Scottish Chambers' Business Survey [December 2001]. Quarterly Economic Commentary, 26 (4). pp. 19-24. ISSN 0306-7866

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This brief article summarises the results of The Scottish Chambers of Commerce Business Survey, conducted by Strathclyde University's Fraser of Allander Institute, the largest and most comprehensive regular survey of the Scottish business community. In this period changes in business confidence were less broadly based in manufacturing and construction but more broadly based in the service sector than in the previous quarter. For a further quarter declining trends in business optimism were reported in all sectors, and in all sectors the rate of decline in business optimism accelerated, notwithstanding better than anticipated trends in several sectors. Changes in the levels of orders and sales were more broadly based in manufacturing and the service sector than in the second quarter. The declining trends in total orders in manufacturing continued to deepen, and declining trends were reported in tourism. In contrast rising trends in orders/sales were reported in construction, wholesale and retail distribution.