Results of a fourth quarter 2017 survey indicate that Georgia business people are confident and optimistic about the economy. The ongoing survey, conducted by the Center for Business Analytics and Economic Research on behalf of the Georgia CEO business media network, charts Georgia CEO subscribers’ assessment of the current business climate and future developments.
The survey measures attitudes across seven business areas:
- Volume of Business
- Financial Health
- Access to Capital
Responses were overwhelmingly positive regarding business conditions during the last quarter of 2017. Answers indicated strong results in sales, business volume, and profitability.
Business respondents’ expectations for the first quarter of 2018 were equally enthusiastic. Expectations for future business volumes, sales, and profitability were again over 50% positive, with improvements in positive sentiment from October 2017 up over 10% in every category except employment.
Factors influencing the positive responses included high demand (37% of respondents) and government policy (26%). Negative factors were less significant, but included shortage of skilled labor (8%) and competition (7%). Access to credit was a very minor concern for survey respondents – only 3% cited financing difficulties as a limiting factor.
First Quarter 2018 Business Confidence Survey, Center for Business Analytics and Economic Research/Georgia CEO, 2/16/18.