Economic Outlook Survey
Our first Economic Outlook Survey for 2018 was released on February 5th. Overall, the reported economic outlook is positive, with three quarters of our members expecting an increase in sales over the next six months. Half of our members also anticipate an increase in both capital spending and employment during the first half of 2018.
The responses from our survey indicate that the council members believe the economy is strong and will continue this trend into the start of 2018. In fact, none of our member companies anticipate a decrease in sales over the next six months. Even with the positive economic outlook, over 80 percent of our members shared that attracting, developing and retaining a quality workforce is a challenge for their businesses. Nearly half of the council member companies also reported that the cost of healthcare is another primary concern for their organizations. Additionally, over a third of our members considered an unfavorable business climate – including infrastructure, regulations, and taxes – a challenge.