Latest Main Findings For Businesses With 10+ Employees And A Presence In Scotland

26th April 2024

Business Insights and Conditions Survey (BICS) weighted Scotland estimates.

in Wave 106, 25.0% of applicable businesses reported difficulties in recruiting employees in March 2024.

in Wave 106, the highest rates of recruitment difficulties were reported by businesses in the Construction (36.7%) and Manufacturing (34.3%) sectors.

in Wave 106, 23.6% of businesses reported that the prices of materials, goods or services bought in March 2024 had increased compared with February 2024.

in Wave 106, the industry sector with the highest proportion of businesses reporting increases in the prices of materials, goods and services bought was Accommodation & Food Services (38.9%)
in Wave 106, 31.8% of businesses reported that their turnover had increased in March 2024 compared to the previous calendar month - rising to 48.4% of businesses in the Information and communication sector.

overall, an estimated 16.5% of businesses reported that their turnover had decreased in March 2024 compared to the previous calendar month.

in Wave 106, 34.2% of businesses thought their performance would increase over the next 12 months. 8.5% expected performance to decrease.

the main concerns for businesses for May 2024 were falling demand of goods and services (18.1%) and inflation (13.6%). An estimated 16.9% of businesses reported having no concerns.

The full report HERE