In Wave 94, the BICS asked businesses about their main concerns in November 2023.
Business concern question: Which of the following, if any, will be the main concern for your business in November 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
- falling demand of goods and services
- not sure
- no concerns for my business
Figure 3: The top concerns for businesses for November 2023 were energy prices (21.8%), falling demand (14.0%) and inflation of goods and services prices (12.3%).
Estimated share of businesses by main concern for November 2023. Businesses currently trading, with 10+ employees and a presence in Scotland. Wave 94.
Source: BICS Weighted Scotland Estimates - Wave 94 from the Scottish Government. For Figure 3 data see table ‘BusinessConcern’.
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Business & Innovation Statistics
Office of the Chief Economic Adviser
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