Economic commentary [October 2025]

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McFadyen, Chirsty and Spowage, Mairi and Randolph, Hannah L. and Catalano, Allison and Hampson, Josh and Williamson, Jack (2025) Economic commentary [October 2025]. Fraser of Allander Economic Commentary, 50 (3). ISSN 2046-5378

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Abstract

This quarterly commentary arrives amidst continued challenging economic circumstances. While our 2025 forecast has been uprated from 0.8% to 1.0%, this is nothing to write home about. Weak growth at the beginning of 2024 means our economic outlook is comparatively better than the previous year, but we have seen contractions in several areas. We take a deeper dive into contractions in the manufacturing industry, with an accompanying perspective on the differences between UK and Scottish manufacturing.

ORCID iDs

McFadyen, Chirsty ORCID logoORCID: https://orcid.org/0009-0002-7000-3867, Spowage, Mairi, Randolph, Hannah L. ORCID logoORCID: https://orcid.org/0000-0002-4701-8182, Catalano, Allison ORCID logoORCID: https://orcid.org/0000-0003-2583-5453, Hampson, Josh and Williamson, Jack ORCID logoORCID: https://orcid.org/0009-0008-2043-7847;
CORE (COnnecting REpositories)