In the second quarter of 2019, FSB’s Scottish Small Business Index (SBI) increased by a record 37.5 points to +3.3. This is only the second time since 2015 that business optimism in Scotland has been in positive territory – and comes after two quarters of record-breaking lows.
In the first quarter of 2019, FSB’s Scottish Small Business Index fell 1.8 points to -34.5. This is the second quarter in succession that the index has hit a record low.
FSB's Scottish Small business Confidence Index fell to an all-time low of -32.6 points from -13.2 points earlier in the year.
Scottish small business confidence has fallen sharply in the third quarter of 2018 from +5.1 points to -13.2 points.
FSB’s Scottish Small Business Confidence Index climbed from –17.8 points to +5.1 points in the second quarter of 2018, the first time since 2015 that the business optimism metric has climbed into positive territory.
Scottish small business confidence rose from -21.4 points to -17.8 points in the first quarter of 2018. However firms north of the border remain substantially less optimistic than their UK counterparts.
Scottish small business confidence slid to near record lows in the final quarter of 2017. The index fell to -21.4 points down from -15.3 points in the third quarter. The research shows that more than half of small businesses highlighted the domestic economy as a barrier to growth and a balance of 17.5% reported a fall in gross profits.
Scottish small business confidence fell in the third quarter of 2017 from -3.8 points to -15.2 points. The index shows that a net balance of 7% of firms plan to increase their investment in the next quarter, up from 6% earlier in the year.
Scottish smaller business confidence increased in the first quarter of 2016, from- 28.9 points at the end of 2016 to -9.6 points. The index shows that in the past 3 months Scottish small businesses’ revenues declined at the fastest rate in four years. However, a majority of firms do expect sales and turnover growth over the course of 2017.
The SBI has recovered to 20, having been in negative territory immediately after the EU referendum.