Firms upbeat on own prospects as UK confidence falls
Scottish firms are backing themselves to succeed despite concerns over a worsening economic landscape.
Bank of Scotland Commercial Banking’s latest Business Barometer found a slight improvement in company confidence north of the border in the past month.
The rise came despite a small fall in optimism over the UK’s prospects and a 6% dip to 17% in overall confidence in the British economy.
“Despite overall confidence falling, it’s encouraging to see the confidence in businesses’ own prospects edging higher across Scotland,” Jane ClarkHutchison, head of mid-markets, Scotland, said. “The figures are in keeping with the average of all regions outside London and reflect how resilient businesses are throughout Scotland. Despite expecting the wider economic picture to deteriorate, firms back themselves to succeed.”