Scottish SBI figures for Q3 2023 are in.
Small business confidence stays in negative territory.
Small business confidence loses momentum to fall further into negative territory.
Small business confidence recovered strongly on the quarter but is still in lightly negative territory
Fourth quarter fall in confidence sees 2022 end on a record low outside periods of lockdown
The third quarter of 2022 has been another downbeat one for small businesses.
The Small Business Index (SBI) fell by 13.9 points in Q3 2022, reaching -45.7, its weakest reading since Q4 2020. Q3’s fall was the second in a row, with the Index having fallen by 46.1 points in Q2, reaching -31.8.
Small business confidence lowest on record outside of lockdowns
The Small Business Index (SBI) in Scotland saw a marked fall in Q2 2022, dropping by 46.1 points to return to negative territory, at a reading of -31.8.