Scottish Business Monitor, 2024 Q2

Sousa, João and Gillan, Brodie and Cooper, Ben (2024) Scottish Business Monitor, 2024 Q2. Fraser of Allander Institute, Glasgow.

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Abstract

This report summarises the key results from our latest Fraser of Allander Institute (FAI) Scottish Business Monitor, published in partnership with Addleshaw Goddard. The survey sampled around 330 firms in September and October from across the Scottish economy, examining business sentiment in Q2 2024 and the outlook for the year ahead. Q2 2024 was a cautiously optimistic time for business in Scotland. Over the quarter, businesses typically experienced an uptick across all activities. Most measures, except employment, show improved conditions. Similarly, in every category, the proportion of businesses reporting higher costs has decreased compared to the last quarter.