Scottish businesses are the least confident in the UK, although confidence remains in positive territory, a survey of chartered accountants has found.
Business sentiment tracked by the Institute of Chartered Accountants in England and Wales' (ICAEW) monitor for Scotland, found confidence at 12.4 on the quarterly index. While in positive territory, the confidence reading for the second quarter was considerably down from its peak at the end of 2021.
Confidence Index of +100 would indicate that all survey respondents were much more confident about future prospects, while -100 would indicate that all survey respondents were much less confident about future prospects.
