180% Increase In Scottish Warehouse Demand

"It’s in data like this, unlike the almost useless GDP figures or GERS estimates, that you see objective indicators of good health in the Scottish economy. It’s a no-brainer that increased demand for warehouse space means more economic activity, more jobs and more tax revenue. See this in Insider today: Demand for warehouses in Scotland passed 360,966 sq ft for the last six months, the strongest start since 2016 and an 180% increase on the full year figure for 2018, according to data from Savills. Take-up has mainly consisted of second-hand units which accounted for 67% of all space transacted. Of the available units on the market in Scotland, 90% is within the 100,000-200,000 sq ft size category, while just 11% of the total available space is of grade A quality."

Scottish Economy Grows For 9th Quarter In A Row

From Insider yesterday: ‘The Scottish economy grew between January and March this year despite uncertainty around the UK’s expected departure from the EU, according to official figures. Statistics published on Wednesday show GDP in the country grew at the same rate as that of the UK – 0.5% – over the period. It represents the ninth consecutive quarter of growth for the Scottish economy. Analysis suggests growth in the quarter was driven by the manufacturing and construction sectors, which grew by 2.6% and 2% respectively. Two sub-sectors of manufacturing – food and drink and pharmaceutical – account for more than half of the 0.5% growth during the quarter, with some suggestions the increase in manufacturing is due to stockpiling for Brexit.’

SNP Government Investment In Public Housing

"From Insider today (22 July 2019): 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."




Scottish Exports To EU Leave The Rest Of The UK Behind

From Insider yesterday: ‘Oil and gas drove the value of Scotland’s experts to the EU up by 18.6% over the last year, according to Treasury figures. Whisky was also a big factor in the rate of increase which outstripped every other part of the UK, which had an overall rise of 12.9% – £3.8 billion. Total Scottish exports now account for a record-high £32.8 billion, with more businesses exporting goods than ever before. In the first quarter of 2019, 4,950 Scottish businesses exported abroad, 229 more than the same period in the previous year. Fossil fuel exports increased in value by 36.3% to £12.5 billion, with beverages including whisky increasing by 7% to £4.4 billion.’ Note: The EU single market and customs union is eight times bigger in population terms than the UK market.