Scottish businesses are more optimistic for the future now, compared to the end of 2020, despite ongoing concerns around the pandemic and Brexit.
The Addleshaw Goddard Scottish Business Monitor, produced in partnership with the Fraser of Allander Institute, indicates that more firms are optimistic about their volume of business and levels of employment in the next six months, when compared to the previous quarter.
Many respondents still highlighted feelings of uncertainty though, with a large minority expecting a reduction in volume of business and employment.
Confidence levels within Scottish businesses remains unsettled as the impact of Covid-19 and the UK’s new trading arrangement with the EU continues to create nervousness amongst all industries.
The Scottish construction sector has experienced a period of growth and recovery going from the sector, with the lowest sentiment in spring 2020 to the highest sentiment in the fourth quarter of the year.