Scottish Business Confidence Trends Downward in June

Thursday, 27 June 2024, 23:01
The latest report shows a 16-point decrease in firms' optimism about their trading prospects, bringing it to 44%. At the same time, optimism in the economy fell by 11 points, landing at 42%. Despite the decline, Scottish business confidence remains higher than the UK average. This trend indicates a cautious outlook among businesses amidst economic uncertainties.

Scottish Business Confidence Trends

The latest report reveals a notable decrease in firms' optimism.

Key Points:

  • Firms' optimism: Declined by 16 points to 44%
  • Economic outlook: Dropped by 11 points to 42%

On a positive note, Scottish business confidence is still above the UK average, reflecting resilience amid challenging conditions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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