http://www.insider.co.uk March 2020 INSIDER 15
95.95.96.112.99.97.98.115.0 20 40 60 80 100 120 140OptimismOutputInflationmployment-0.80%-0.60%-0.40%-0.20%0.00%0.20%0.40%0.60%0.80%1.00%Optimism Output Inflation EmploymentPrice per Barrell ($)404550556065Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-Household Income Levels of debt Job security Career progression General health Children's welfareDundee Tay Cities Scotland
City Region
Employment (FTE) 696 992 2143
Income (£m) 13.9 20.4 42.
GVA (£m) 21 32.2 75.
PPM PPM
4 Weekly Yearly
Express sector 75.7 77.
Edinburgh to Queen St 84.4 84.
Rural sector 86.7 88
East suburban sector 83.6 85.
West suburban peak sector 79.5 85.
West suburban off-peak sector 90.8 92.
VITAL:STATISTICS
Crude oil prices
Consumer confidence
ScotRail Public Performance
Measure (PPM)IN FOCUS
V&A Dundee
BUSINESS OUTPUT - JANUARY 2020
V&A Dundee had a £75 million economic impact
across Scotland in its first year after opening, according
to new independent research. The study found that
visitors to the museum were worth £21 million to the
Dundee economy and £75 million to the overall Scottish
economy in the 12 months from 15 September 2018,
when the new design museum first opened its doors.
This far exceeds the predicted impacts of £10 million in
Dundee and £23 million across Scotland, boosted both
by a significant increase in visitor numbers – 833,
compared to a predicted 500,000 – and a higher
proportion of overseas visitors on longer trips around
Scotland. The independent study, conducted by Ekosgen
and Reference Economic Consultants and commissioned
by V&A Dundee, also found that the museum supported
the equivalent of 696 jobs in Dundee and 2,143 across
Scotland. An estimated additional 370 jobs have been
created in Dundee by the museum opening. In addition,
the construction of Kengo Kuma’s ground-breaking
building had a further economic impact of £70 million
across Scotland, helping to support 7,037 jobs.
Source: Ekosgen and Reference Economic Consultants/V&A
Dundee.Jan 18 Jan 19The overall BDO Output Index was unable to maintain the momentum from December. The index fell by 0.
points, wiping out last month’s 0.43 point increase to leave the Index standing at 95.88, its lowest point since
July 2018. The BDO Manufacturing Output Index recorded an increase of 0.47 points in January and now
stands at 86.78. This was the first time the index has risen since September 2018. Despite this month-on-
month improvement, the manufacturing industry is still struggling, with the January score languishing well
below the no-change mark of 95. Source BDOUK consumer confidence saw moderate year-on-year growth, of 0.5 per cent, in the final quarter of 2019
signalling a more optimistic mood as consumers enter 2020, according to the latest Consumer Tracker from
Deloitte. With political uncertainty lifting, so too has consumer sentiment on the state of the economy, job
security and personal finances. However, retail spending is expected to remain subdued until these factors
gradually translate into greater sales. Deloitte’s analysis revealed sentiment on the state of the economy
grew significantly compared to the previous quarter, rising 27 percentage points. Despite year-on-year
confidence around career progression and job opportunities falling three percentage points (to -6%), job
security sentiment has risen three percentage points (to -5%) on both the last quarter and compared to the
same period last year. Source: DeloittePublic Performance Measure is the percentage of
booked services which arrive within 5 minutes of their
booked arrival time, having called at all booked stations
on the route, for which ScotRail has a target of 92.5%. As
the above figures shows, all of the above sectors have
failed to reach these targets, with only West suburban
off peak achieving a PPM of greater than 90 per cent for
both the year and the period.
Source: ScotRail. Figures taken from the four-week period from
8 December 2019 - 4 January 2020.% Change in business output this month