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It also acts as a gauge of future activity levels by monitoring the optimism level of firms.This latest Scottish Business Monitor covers activity up to the end of Q2 2018 and provides expectations to November 2019.The upswing in business activity and exports is clearly welcome, particularly given the heightened uncertainty around the terms of the UK’s exit from the EU.However, the declining investment trend in the survey does offer some evidence that such uncertainty could be affecting firms’ investment plans.The resulting business plan competition generated a wide range of interesting business ideas.Judges had difficulty deciding on a second place winner.This declining investment trend in the survey suggests that the current uncertain environment is affecting firms’ investment plans and is making business planning difficult.When examining the investment trends in relation to firm size, these latest results show that smaller firms were less willing to invest.
Similar to the trends outlined above we see that smallest firms reported net declines in repeat business while those with more than 20 employees, on balance, reported net increases.Just over a third (35%) of all firms reported an increase in the total volume of business during Q2/18, and that 29% reported a fall – this balance of 7% is up six points since the previous quarter.However, only a quarter of firms with fewer than 10 employees reported an increase in the total volume of business, compared to more than 60% of firms with more than 100 employees – see Chart 1."I endorsed the project and hope the team is successful with it." Other competition judges were Tomass Barilo (Working Day), Loreta Pizika (Wildgood), and Peteris Treicis (PAA Baths).The competition, which was sponsored by Forum Cinemas, was part of an unusual "hands on" course in Entrepreneurship that is offered during the summer to MBA students at Riga Business School. 500 entrepreneur who has founded several successful businesses, the course achieves a unique balance between theory and practice.
Once again, new business volumes grew more strongly in larger firms.