BICS weighted Scotland estimates: data to wave 73

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 73 (including data for Wave 72).

This document is part of a collection

Business Concerns

In Wave 73, the BICS asked businesses about their main concerns in February 2023.

Business concern question: Which of the following, if any, will be the main concern for your business in February 2023?

  • business rates
  • competition with other UK businesses
  • energy prices
  • exchange rates
  • inflation of goods and services prices
  • interest rates (including mortgages)
  • property rental costs
  • supply chain disruption
  • taxation
  • falling demand of goods and services
  • other
  • not sure
  • no concerns for my business

Note that in Wave 72 the response option "Falling demand of goods and services" was added, and the response option "Competition" was updated to include specific reference to other UK businesses.

Figure 2: The main concerns for businesses for February 2023 were energy prices (32.4%) and inflation of goods and services prices (21.0%).

Source: Office for National Statistics – BICS – Weighted Scotland Estimates – Wave 73


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Marina Curran

Business & Innovation Statistics

Office of the Chief Economic Adviser

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