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Business Outlook Presentation for RATIC
Jon Bennion
Montana Chamber of Commerce
Business Outlook Presentation for RATIC Jon Bennion Montana - - PowerPoint PPT Presentation
Business Outlook Presentation for RATIC Jon Bennion Montana - - PowerPoint PPT Presentation
Business Outlook Presentation for RATIC Jon Bennion Montana Chamber of Commerce US Chamber of Commerce Small Business Outlook Survey Started in April, 2011 Conducted quarterly (July 2-9 latest) 1,225 small business owners and execs Sampling
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US Chamber of Commerce Small Business Outlook Survey
14 8 6 10 17 14 34 27 33 45 43 47 75 61 68 69 72 68
10 20 30 40 50 60 70 80 Apr '11 Jul '11 Oct '11 Jan '12 Mar '12 Jul '12 Right Track US Right Track Local Right Track Business
Are we on the Right Track with Economic Conditions?
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US Chamber of Commerce Small Business Outlook Survey
Are You Likely to Add or Lose Employees or Stay the Same?
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US Chamber of Commerce Small Business Outlook Survey
What’s the Climate for Small Business over the Next Two Years?
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US Chamber of Commerce Small Business Outlook Survey
Concerns expressed in comments:
- Federal Healthcare Reforms
- “Fiscal Cliff”
- tax hikes
- energy costs concerns
http://www.uschamber.com/press/releases/2012/july/small-businesses-hesitant-hiresay-economy-track
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Conducted District-wide November, 2010
- District includes Minnesota, Montana, North & South Dakota and
parts of Wisconsin and Michigan
Conducted Montana-only June 27-30, 2011 Repeated Montana-only July 10-31, 2012
Federal Reserve Bank of Minneapolis Business Confidence Survey
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Federal Reserve Bank of Minneapolis Business Confidence Survey
15% 49% 36%
U.S. Economy June 2011
15% 45% 40%
U.S. Economy July 2012
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Federal Reserve Bank of Minneapolis Business Confidence Survey
33% 30% 37%
State Economy June 2011
51% 9% 40%
State Economy July 2012
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Federal Reserve Bank of Minneapolis Business Confidence Survey
37% 28% 35%
Local Economy June 2011
58% 7% 35%
Local Economy July 2012
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Federal Reserve Bank of Minneapolis Business Confidence Survey
67% 10% 23%
Your Business June 2011
77% 4% 19%
Your Business July 2012
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Federal Reserve Bank of Minneapolis Business Confidence Survey
38 37 20 51 36 54 62 41 26 9 18 7 Sales revenue Productivity Employment Input costs
Business Expectations - Nov. 2010
Up Same Down 44 38 24 48 37 55 63 45 18 7 13 7 Sales revenue Productivity Employment Input costs
Business Expectations - June, 2011
Up Same Down 54 49 24 50 37 47 65 49 9 4 11 1 Sales revenue Productivity Employment Input costs
Business Expectations - July, 2012
Up Same Down
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Confidence recovering – except US Comments reflect election jitters & Congressional action Regulatory Burden Continuing, gradual recovery
Federal Reserve Bank of Minneapolis Business Confidence Survey
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Montana Chamber of Commerce Outlook for Future
Montana Chamber Big Sky Roundup:
- Large and Small Businesses
- Regional Representation
- Diversity of Industries and Businesses