Taking the Temperature of Business Executives
As the Memorial Day turn approaches, and the warm summer weather arrives (in theory and in hope), IB conducted a survey to glean what area businesses are still worried about, and what makes them optimistic over the next six to 12 months.
Nationally, the economy appears to be turning a corner with three consecutive quarters of economic growth and two straight encouraging monthly jobs reports, but economists are still all over the map on the strength of the unfolding recovery. Skeptics cite the under-employment rate, the government’s broader measure of unemployment, which actually increased slightly to 17.1% in April and will take time to whittle down.
Our recent survey, conducted via e-mail, reflects this lack of consensus.