BICS weighted Scotland estimates: data to wave 66

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 66

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Business Concerns

In Wave 66 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 energy prices (38.7%) and inflation of goods and services prices (28.4%)

A bar chart showing main concern for businesses for October 2022 was energy prices (38.7%)

Source: Office for National Statistics – BICS – Weighted Scotland Estimates – Wave 66

The proportion of businesses reporting that energy prices is the main concern for their business has increased from 25.8% (Wave 64) to 38.7% (Wave 66). 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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