BICS weighted Scotland estimates: data to wave 97

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 97.

Latest main findings for businesses with 10+ employees and a presence in Scotland

  • in Wave 97, 36.8% of applicable businesses reported difficulties in recruiting employees in November 2023
  • the highest rates of recruitment difficulties were reported by businesses in the Manufacturing (44.4%) and Accommodation & Food Services industry sectors (43.6%)
  • in Wave 97, 19.6% of businesses reported that the prices of materials, goods or services bought in November 2023 had increased compared with October 2023 – down from 21.9% in the previous month
  • the industry sector with the highest proportion of businesses reporting increases in prices of materials, goods and services bought was Accommodation & Food Services (37.8%)
  • in Wave 97, 24.4% of businesses reported that their turnover had decreased in November 2023 compared to the previous calendar month - rising to 39.2% of businesses in the Accommodation & Food Services industry sector
  • overall, an estimated 20.6% of businesses reported that their turnover had increased in November 2023 compared to October 2023 – a higher share than the previous month (17.2%)
  • in Wave 97, 37.7% of businesses thought their performance would increase over the next 12 months. 7.6% expected performance to decrease
  • the main concerns for businesses for January 2024 were inflation of goods and services prices (16.6%), falling demand (16.3%) and energy prices (14.6%).  An estimated 12.2% of businesses reported having no concerns

Note that BICS Scotland data for Wave 98 and Wave 99 are scheduled for release on Friday 19th of January 2024.


For enquiries about this publication please contact:

Marina Curran

Business & Innovation Statistics

Office of the Chief Economic Adviser



For general enquiries about Scottish Government statistics please contact:

Office of the Chief Statistician


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