Business Insights And Conditions Survey

27th May 2022

This is the 42nd publication of weighted Scotland estimates from the ONS' BICS. These are experimental statistics, which means that they are still in development but have been released to enable their use at an early stage. All results are provisional and subject to
revision.

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

In the period 3 May to 15 May 2022 (Wave 56), the share of businesses ‘currently trading' was estimated at 99.2%, broadly in line with the previous period (19 April to 1 May 2022).

In the period 3 May to 15 May 2022, the share of businesses reporting that they were fully trading was estimated at 95.6%. The Accommodation & Food Services sector continued to be the industry sector had with the lowest share of "fully trading" businesses, estimated at 85.5%.

In Wave 56, an estimated 36.6% of businesses reported experiencing a shortage of workers. 67.2% of businesses reported that the shortage of workers has resulted in employees working increased hours, and 34.9% of businesses reported that they have been unable to meet demands due to a shortage of workers.

The main concerns for businesses in May 2022 were inflation of goods and services prices (31.9%) and energy prices (21.7%).

Read the full report HERE
Pdf 12 pages