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|FSB: Scottish small business confidence falters as profits hit|
|Monday, 07 September 2015|
Scottish small business confidence has cooled, the latest quarterly report from the Federation of Small Businesses (FSB) shows. The Scottish Voice of Small Business Index now stands at +1.7 points, down from +26 points at the same time last year, and markedly below the UK figure which stands +20.3 points.
The proportion of small firms reporting revenue growth has fallen back, although it remains the case that more have seen their turnover rise than fall. A balance of 6.1% of businesses reported an increase in revenue, down from 17% at the same time last year. Profits have also been squeezed: for the first time in five quarters, more respondents reported a fall in profits than reported an increase.
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