BusinessBrief.com » Survey: Confidence high, but recovery still in limbo

Survey: Confidence high, but recovery still in limbo

May 17, 2010 by Bob Hill
Posted in: Finance, In this week's e-newsletter, Latest News & Views


A recent poll finds high-level execs are confident about their companies’ prospects, but not so confident about the prospect for economic recovery.

The poll, which was conducted as part of the biannual Regus BusinessTracker study, included responses from more than 15,000 companies across a broad range of industries. Among the findings:

  • 7% more companies are now reporting profits than were six months ago
  • 12% more companies experiencing a boost in revenues rather than a decline
  • 59% of large businesses advocate the importance of tax breaks for consumers and consumer spending
  • the overall decline in revenues is most prevalent in the manufacturing industry, and
  • the overall increase in revenues were most prevalent in the IT industry.

Despite the survey’s overall optimistic tone, when business execs were asked point blank when they expected a full economic recovery, the majority responded that they didn’t feel the economy would make a full recovery until December.

When execs were asked the same question six months ago, they believed a full recovery was possible by July.

What do you think of the survey’s findings? Agree? Disagree?

Feel free to share your thoughts in the comments section below.

Source: Revenues Rising but Slowdown in Pace of Growth,” Industry Week, 5/5/10.

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