BICS weighted Scotland estimates: data to wave 104

Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 104


Business Concerns

In Wave 104, the BICS asked businesses about their main concerns for April 2024 2024.

Business concern question: Which of the following, if any, will be the main concern for your business in April 2024?

  • 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

Figure 5:  The top concerns for businesses for April 2024 were falling demand of goods and services (12.5%), energy prices (12.2%) and inflation (10.5%). An estimated 17.3% of businesses reported having no concerns.

Estimated share of businesses by main concern for April 2024. Businesses currently trading, with 10+ employees and a presence in Scotland. Wave 104.

A bar chart showing that the main concerns for businesses for April 2024 were falling demand of goods and services, energy prices and inflation.

Source: BICS Weighted Scotland Estimates - Wave 104 from the Scottish Government. For Figure 5 data see table ‘BusinessConcern’.

Contact

For enquiries about this publication please contact:

Marina Curran

Business & Innovation Statistics

Office of the Chief Economic Adviser

e-mail: industrystatistics@gov.scot

 

For general enquiries about Scottish Government statistics please contact:

Office of the Chief Statistician

e-mail: statistics.enquiries@gov.scot

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