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Press Releases

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SCC COMMENT ON BRITISH CHAMBERS SURVEY

[ 11-10-2011 ]

Commenting on the publication today (11 October 2011) of the British Chambers of Commerce (BCC) Quarterly Economic Survey for the third quarter of 2011, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said: 

“The British Chambers of Commerce survey gives a broad indication of the health of the Scottish economy which we will explore in more detail in our Scottish Chambers survey which will be published next week. 

“The BCC survey highlights a continuing divide between our manufacturing and service sectors, with strong performance in the former and weak results in the latter.  Worryingly, both sectors are becoming more pessimistic about their fortunes over the remainder of this year, underlining the threat posed by global economic uncertainty. 

“Economic data continues to indicate that the threats to recovery are real.  It is clear that further government action will be necessary if conditions continue to deteriorate.”

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