BICS weighted Scotland estimates: data to wave 61

Business Concerns

In Wave 61 the BICS asked businesses about their main concerns in August 2022.

Business concern question: Which of the following, if any, will be the main concern for your business in August 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 4: The main concerns for businesses for August 2022 were inflation of goods and services prices (32.7%) and energy prices (25.3%).

Source: Office for National Statistics – BICS – Weighted Scotland Estimates – Wave 61

The proportion of businesses reporting that inflation of goods and services prices is the main concern for their business has increased slightly from 30.8% for July 2022 (Wave 58) to 32.7% for August 2022 (Wave 61). Inflation of goods and services prices, and energy prices have been the top reported concerns since this series began in March 2022 (Wave 51). Inflation of goods and services prices emerged as the main concern in May 2022 (Wave 56).