Economy

Scotland has maintained its position as the second most attractive location for foreign direct investment (FDI) in the UK, after London, securing a record 124 projects in 2023. According to EY’s Scotland Attractiveness Survey, this represents a 12.7% increase from the previous year, significan

Scottish retail sales experienced a significant decline in June 2024, dropping by 3.6% compared to the same period last year.

Scotland's private sector output continued to grow in June, according to the Royal Bank of Scotland Growth Tracker, but at a slower pace compared to May. The headline Business Activity Index, posted above the neutral 50.0 mark, but ticked down to a five-month low of 51.9, from 55.2 in May, reflectin

UK economic growth in Q1 2024 was marginally stronger than initial estimates, revised upwards to 0.7% from 0.6%, according to the Office for National Statistics. National accounts for the first quarter showed the rise was fuelled by consumer spending and net trade, though slightly offset by weaker b

Scotland's economic growth came to a halt in April 2024, with onshore GDP remaining flat at 0%, according to the chief statistician.

International students studying at the University of Dundee are making a significant contribution to the local economy, generating £329 million annually for the Tayside and Fife regions, new figures have revealed. Findings published by HEPI and Kaplan International Pathways show that the parli

Spending on eating out, new clothes and takeaways are the biggest areas people across Scotland have cut back on so far this year, according to KPMG.

UK consumer price index (CPI) inflation fell to the Bank of England’s 2% target in May, driven by lower food and core inflation.

The UK's GDP remained unchanged in April, but analysts believe the economy is still likely to grow at a decent pace in Q2.

Scotland's labour market experienced mixed results in the period from February to April 2024, with an increase in unemployment to 4.7%, a decrease in employment to 73.1%, and a rise in inactivity to 23.2%. Ann Frances Cooney, employment partner at DWF, has commented: "The cooling of the labour marke

Scotland's private sector activity expanded for the fifth consecutive month in May, the strongest pace in two years, according to the Royal Bank of Scotland Business Activity Index. This growth was driven by increased demand for services, which offset a continued downturn in manufacturing.

May brought lacklustre results for Scottish retailers, with total sales increasing a mere 0.1% compared to the previous year.

Scottish shopper footfall has experienced a significant decline in May, showing a 5.4% year-on-year decrease.

Following growth of 0.1% in February, Scotland’s onshore GDP grew by 0.4% during March 2024, according to statistics announced by the Chief Statistician. In the first quarter of 2024 – the three months to March – GDP is estimated to have grown by 0.7% compared to the previous three

Retail sales in the UK have grown at their fastest pace since December 2022 in the year to May, according to the latest CBI Distributive Trades Survey. Selling price inflation also eased to its lowest level since August 2020. However, retailers remain cautious about the future, with expectations of