73.2% working age residents in employment
39,600 out of work benefits claimants
26% increase in house sales year on year
Economy Watch is a monthly report on Edinburgh’s economy. It provides a snapshot view on the most up to date economic measures for the city across six broad themes:
- Macroeconomic environment
- Labour Market
- Planning and Development
- Visitor Economy.
We monitor a range of economic indicators and compare Edinburgh with other major UK cities. This lets us see the impact that the national and global economic trends. Information is displayed in graphs with some brief analysis.
The most recent edition of Economy Watch is available for download from our website. You can also find details of the key measures used in the analysis. Some datasets are available to download below.
Key findings from April 2015
Compared to last year, 6.7% fewer new businesses were recorded in Edinburgh in the three months to March 2015. Across Scotland, business confidence in the Manufacturing, Retail and Tourism sectors between January and March 2015. This means businesses are less optimistic than in the same period last year, though although still more optimistic than in 2012 and 2011.
Uptake of Job Seekers Allowance (JSA) in Edinburgh remains at 1.9% in February 2015. This is lower than the rate recorded in Scotland (2.5%) and other comparable cities (3.4%). JSA claimant rates vary significantly between areas of the city. The lowest is 0.8% in Meadows/Morningside and the highest is 3.7% in Forth .
The total value of house sales in Edinburgh rose to £163.6 million during February 2015, up from £127.8 million on the previous month. Total sales were 26% up from those recorded in February 2014.