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).


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Business & Innovation Statistics

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