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Publication - Statistics

BICS weighted Scotland estimates: data to wave 133

Published
12 June 2025
Directorate
Chief Economist Directorate
Topic
Business, industry and innovation, Economy

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 133

Part of

Supporting documents

US Tariffs

In the period 19 May to 1 June 2025 business that had not permanently stopped trading were asked what impact, if any, United States tariff changes had on their business in the last month. Businesses were also asked about expected impacts next month. Please note most responses to the BICS were received before the US supreme court ruling on reciprocal tariffs on 29 May. 

US tariffs impacted an estimated 11.3% of businesses in the last month. The most commonly reported impact was that the business experienced additional costs, an estimated 6.5% of businesses were impacted in this way.

Figure 6: 13.4% of businesses expect to be impacted by US tariffs in the next month, with the Manufacturing sector having the highest share expecting some impact (30.1%).

Estimated share of businesses expecting some impact due to United States tariffs in next month. Businesses not permanently stopped trading with 10+ employees and a presence in Scotland. Wave 133 - 19 May to 1 June 2025.

A bar chart showing that an estimated 13.4% of businesses expected to be impacted by US tariffs in the next month. The Manufacturing sector had the highest share expecting to be impacted in the next month (30.1%).

Source: BICS Weighted Scotland Estimates - Wave 133 from the Scottish Government.  For Figure 6 data see table ‘USTariffsImpactExpected’.

Contact

For enquiries about this publication please contact:
Marina Curran
Business & Innovation Statistics
Office of the Chief Economic Adviser
email: industrystatistics@gov.scot

For general enquiries about Scottish Government statistics please contact:
Office of the Chief Statistician
email: statistics.enquiries@gov.scot

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