BICS weighted Scotland estimates: data to wave 62

Business Concerns

In Wave 62 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 3: The main concerns for businesses for August 2022 were inflation of goods and services prices (33.9%) and energy prices (31.0%).

Source: Office for National Statistics – BICS – Weighted Scotland Estimates – Wave 62

The proportion of businesses reporting that inflation of goods and services prices is the main concern for their business for August 2022 has increased slightly from 32.7% (Wave 61) to 33.9% (Wave 62). 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).