
From Insider today:
Growth in Scotland’s construction sector has accelerated as businesses become “fed-up” waiting for Brexit, according to new figures. The Q2 2019 RICS Construction and Infrastructure Market Survey also shows workload and employment expectations are gathering pace for the year ahead. Workloads in public housing grew at the fastest pace, with a net balance of 52% more respondents reporting an increase in activity – up from -30% in Q1. This was closely followed by growth in private housing workloads.
https://www.insider.co.uk/news/fed-up-waiting-construction-industry-18333455
This contrasts with decline in the UK. From Insider on 2nd July:
The UK’s construction output has plummeted at its steepest rate since 2009, as Brexit uncertainty and weaker demand hit all major areas of the industry. The Markit/CIPS UK Construction purchasing managers’ index (PMI) recorded a reading of 43.1 for June, down from 48.6 in May.
https://www.insider.co.uk/news/construction-output-drops-sharpest-rate-17327838
Earlier reports of health in Scottish economy:
Scottish economy grows for ninth quarter in row
Yet more objective evidence Scotland’s economy healthy in SNP care
Scottish labour market outperforms UK revealing more evidence of health in economy
Umpteenth post on underlying strength in Scottish economy: Property investment up 19.8%!
Scottish business confidence well above UK average
Scottish business confidence stays high…Ah but!..Oh shut up Revoking Scotland!
63% fall in large business insolvencies as Scottish economy reveals strength
See this Douglas? Business investment in Scotland up 250%!
Scottish Business Strength No.77: Small Scottish construction firms’ growth up 17%
Scottish small businesses still more confident than those in non-Scottish parts
Business activity soars to four-year high across manufacturing and service
Business confidence in Scotland soars by 24% while it sinks 29% in non-Scottish parts of UK
Scottish Government supports economy with new business rates unique in UK
Further evidence of the underlying robustness of Scotland’s economy (at the very sharpest end ie Decrees issued) indicated in the latest figures from the Scottish Registry Trust. Noticed these highly encouragingf figures carried on the Scottish legal site but have seen no mention in any other news outlet as yet. Link and snippets below:
https://www.scottishlegal.com/article/boost-for-scottish-business-as-decrees-plummet
According to figures released by Registry Trust, the number of decrees against Scottish businesses dropped by 28 per cent in the first six months of 2019 (compared to HY1 2018 figures) – totalling 1,140, the lowest of any first half-year on record.
The total number of decrees against incorporated businesses dropped by 29 per cent from the previous year’s figures, to 850.
The total number of decrees against the generally smaller unincorporated businesses fell 23 per cent on HY1 2018 figures, to 290 – a record first half-year low.
During the first half of 2019, 9,310 debt decrees were registered against consumers, 29 per cent lower than HY1 2018.
The number of small claims against consumers fell by 29 per cent in HY1 2019 to 8,498, with the total value down to £13.1m, a 28 per cent drop on HY1 2018’s record high figure of £18.1m.
Ordinary cause decrees against consumers in the first six months of 2019 dropped by 33 per cent to 812, compared to the same period the previous year.
The total value fell by 39 per cent to an all time first half-year low of £10.5m.
Scotland chairman Malcolm Hurlston CBE added: “The decree stats for both businesses and consumers are positive over this half year and give hope for a strengthening economy.”
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