BICS weighted Scotland estimates: data to wave 104

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 104

Latest main findings for businesses with 10+ employees and a presence in Scotland

  • in Wave 104, 22.4% of applicable businesses reported difficulties in recruiting employees in February 2024 - down from 24.5% in Wave 102 and the lowest percentage reported since the question was introduced in April 2022
  • in Wave 104, the highest rates of recruitment difficulties were reported by businesses in the Construction (39.2%) and Manufacturing (31.1%) sectors
  • in Wave 104, 24.0% of businesses reported that the prices of materials, goods or services bought in February 2024 had increased compared with January 2024
  • in Wave 104, the industry sector with the highest proportion of businesses reporting increases in the prices of materials, goods and services bought was Accommodation & Food Services (36.0%)
  • in Wave 104, 30.5% of businesses reported that their turnover had increased in February 2024 compared to the previous calendar month - rising to 43.8% of businesses in Construction
  • overall, an estimated 15.1% of businesses reported that their turnover had decreased in February 2024 compared to the previous calendar month
  • in Wave 104, 37.3% of businesses thought their performance would increase over the next 12 months. 5.6% expected performance to decrease
  • the main concerns for businesses for April 2024 were falling demand of goods and services (12.5%), energy prices (12.2%) and inflation (10.5%). An estimated 17.3% of businesses reported having no concerns

Note that the BICS Scotland data for Wave 105 and Wave 106 are scheduled for release on Friday 26th of April 2024.


For enquiries about this publication please contact:

Marina Curran

Business & Innovation Statistics

Office of the Chief Economic Adviser



For general enquiries about Scottish Government statistics please contact:

Office of the Chief Statistician


Back to top