Business confidence in Scotland has significantly improved in the last quarter, but remains in negative territory, as companies stay wary of persistent economic challenges.
Sentiment tracked by Institute of Chartered Accountants in England and Wales’ Business Confidence Monitor put confidence at -0.2 on the index for Scotland during the first quarter.
This marks a vast improvement from the fourth quarter of 2022, when Scottish business confidence hit a 14-year low of -27.8, but the results are still lower than any other UK nation or region; bar London.
