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Updated: July 26, 2021, 1:05 pm
FSB Scotland policy chairman Andrew McRae
Smaller firms throughout Scotland are more optimistic than they have been any time since the summer of 2015, according to new research.
The Federation of Small Businesses (FSB) study also found the average Scottish business is now more hopeful about prospects than its UK-wide equivalent for the first time since the third quarter of 2020.
FSB’s Scottish small business confidence index rose to +20.5 points this summer, from +18.8 points in the first quarter of the year. The equivalent UK-wide figure fell to +18.6 points, from +27.3 points in the first three months of 2021.
The index measures whether firms believe trading conditions will improve or deteriorate over the next three months.
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