In Wave 64 the BICS asked businesses about their main concerns in October 2022.
Business concern question: Which of the following, if any, will be the main concern for your business in October 2022?
- business rates
- energy prices
- exchange rates
- inflation of goods and services prices
- interest rates
- supply chain disruption
- not sure
- no concerns for my business
Figure 2: The main concerns for businesses for October 2022 were inflation of goods and services prices (32.7%) and energy prices (25.8%)
Source: Office for National Statistics – BICS – Weighted Scotland Estimates – Wave 64
The proportion of businesses reporting that inflation of goods and services prices is the main concern for their business has decreased from 38.5% (Wave 63) to 32.7% (Wave 64). Inflation of goods and services prices, and energy prices have been the top reported concerns since this series began in March 2022 (Wave 51).
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Business & Innovation Statistics
Office of the Chief Economic Adviser
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