BICS weighted Scotland estimates: data to wave 111

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 111

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

  • in Wave 111 (17 June to 30 June 2024), 16.3% of businesses expected to increase capital expenditure over the next three months
  • of businesses expecting to authorise capital expenditure over the next three months, around half (51.6%) reported that this was for replacements
  • in Wave 111, 73.5% of businesses reported that they had taken action to reduce carbon emissions - switching to LED bulbs (48.6%) and adjusting heating and cooling systems (44.6%) were the actions most frequently reported by businesses
  • in Wave 111, an estimated 47.8% of businesses were very concerned or somewhat concerned about the impact climate change may have on the business, rising to 61.8% of businesses in the Construction sector
  • in Wave 111, 15.6% of businesses reported that they are currently using some form of artificial intelligence technology, rising to 59.1% for businesses in the Information and Communication sector

Note that the BICS Scotland data for Wave 112 and Wave 113 are scheduled for release on Friday 9th of August 2024.


For any feedback on, or 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


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