An online magazine for and about businesses of all sizes, in Edinburgh and beyond
Scottish business confidence climbs in February
Business confidence in Scotland rose four points during February to 41 per cent, according to the latest Business Barometer from Bank of Scotland.
The Business Barometer, which has been running since 2002, provides early signals about UK economic trends both regionally and nationwide.
Looking ahead to the next six months, Scottish businesses identified their top target areas for growth as introducing new technology, such as AI, automation or digitalisation (51 per cent), investing in their team, for example through training (35 per cent) and entering new markets (32 per cent).
Martyn Kendrick, Scotland director at Bank of Scotland Commercial Banking, said: “It’s encouraging to see business confidence in Scotland rise again in February.
“Scottish firms aren’t standing still – they’re embracing innovation and new technologies to support their growth plans over the months ahead. We’ll continue to be there to support their next steps.”
