BICS weighted Scotland estimates: data to wave 64

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 64

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Business Concerns

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
  • competition
  • energy prices
  • exchange rates
  • inflation of goods and services prices
  • interest rates
  • supply chain disruption
  • taxation
  • other
  • 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%)

Bar chart showing main concerns for businesses in October - Wave 64

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).

Contact

For enquiries about this publication please contact:

Marina Curran

Business & Innovation Statistics

Office of the Chief Economic Adviser

e-mail: marina.curran@gov.scot or industrystatistics@gov.scot

 

For general enquiries about Scottish Government statistics please contact:

Office of the Chief Statistician

Telephone: 0131 244 0442

e-mail: statistics.enquiries@gov.scot

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