89% of Scottish firms increase or maintain investment

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A survey produced by the Scottish Chambers network and the Fraser of Allander Institute, suggests further evidence of confidence in the Scottish economy. The key points were:

  • Only 15% of firms across the sample reported declining optimism, suggesting resilient business confidence.
  • 48% of firms reporting increased overall revenue, with only 18% reporting a decrease.
  • 89% of firms have increased or maintained levels of investment relative to the previous quarter.
  • Recruitment difficulties rising across sectors, in addition to the proportion of businesses seeking to increase wages.

As a lifetime wage-earner, I see the last one as good news.

https://www.insider.co.uk/news/scottish-business-resilient-recruitment-challenges-12942461

As always, here are the previous optimistic reports leading to this one today:

Scottish small businesses still more confident than those in non-Scottish parts

Business activity soars to four-year high across manufacturing and service

Business confidence in Scotland soars by 24% while it sinks 29% in non-Scottish parts of UK

Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media

Scottish Government supports economy with new business rates unique in UK

Scottish business confidence higher than in any other region of UK

Douglas Fraser will be saving these up for one big cheery special.

 

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