Scottish business confidence fell to a record low in June, but remains stronger than Europe.
The latest Accenture and S&P Global UK Business Outlook showed that a net balance of +17% more private sector firms forecast their activity to increase over the coming year.
This is half the level recorded in February (+34%) and is now weaker than most other regions in the UK, with the south east (excluding London) and the west Midlands being the most confident (at 43% and 39% respectively).