I’ve only just reported:
In April, I reported:
Now a Scottish Chambers of Commerce survey has reported:
‘Optimism among most Scottish businesses continued to improve during the third quarter, reaching levels higher than a year ago in construction, financial and business services, manufacturing and tourism.’
Notice that optimism is right across every sector of the economy other than shopping!
The survey was done ‘with’ the dread Fraser of Allander ‘Institute’ who just cannot report good news without endless ‘buts’ leading to blatant fibs about ‘policy uncertainty’ and a ‘fragile economy’ somehow being major concerns for business even if they are reporting overall optimism higher than a year ago for the second time and for the third straight quarter in a row. This is propaganda masquerading as balance. It would be interesting to see the questionnaire. I wonder how often questions prompt the respondents to find something negative to report.
If you have a strong stomach you might like to read the report at Insider or anywhere else where it’s been largely copied without any alternative analysis and count how often they follow a piece of good news with an unsubstantiated qualification just in case you might get cheered up.
Also, just how much is optimism up? They must have a percentage figure for the main question on this. I can’t find it anywhere. Why haven’t they reported it? Might it be too good news for us Scots to bear?
Footnote: Prof David Bell ‘friend’ of the FoAI has just been outed as a member of the pro-union ‘The Islands’ group. See: https://twitter.com/PhantomPower14/status/922809585026682880
Footnote 2: Here are some of the actual figures from the full report. Notably there is no evidence that respondents were asked about policy uncertainties or a fragile economy.
91.7% of construction businesses indicated that their levels of staffing either increased or remained the same over the quarter,
81.1% of businesses in the construction sector highlighted business optimism either increased or remained the same.
40.4% of businesses in the tourism sector experienced an increase in profitability over the quarter. This is the highest figure recorded since the same quarter in 2015
.34.1% businesses in the financial & business services sector reported an increase in profits over the quarter,