Business investment in Scotland has reached double-digit levels for the first time in two decades, according to the latest CBI–Addleshaw Goddard Scottish Productivity Index.
Business volumes dropped by 24% in June, down from a 5% rise in March, the fastest rate of decline since December 2023.
Research revealed that output dropped in the three months to March, with a weighted balance of -2% (from -18%).
Their briefing paper suggests making the apprenticeship system more efficient, targeting green industries, AI, and advanced manufacturing.
Business and professional services firms predict a 20% decline in headcount, while consumer services companies expect a sharper fall of 44%.
The CBI has announced Asha Musoni as the new chief people officer, succeeding Elizabeth Wallace, to spearhead the organisation's people and culture initiatives.