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 error of +/- 2.5%
US Chamber of Commerce Small Business Outlook Survey Are we on the Right Track with Economic Conditions? 80 75 72 70 68 61 69 68 60 50 45 47 Right Track US 43 40 Right Track Local 34 Right Track Business 33 30 27 20 17 14 14 10 10 8 6 0 Apr '11 Jul '11 Oct '11 Jan '12 Mar '12 Jul '12
US Chamber of Commerce Small Business Outlook Survey Are You Likely to Add or Lose Employees or Stay the Same?
US Chamber of Commerce Small Business Outlook Survey What’s the Climate for Small Business over the Next Two Years?
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
Federal Reserve Bank of Minneapolis Business Confidence Survey 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 U.S. Economy June 2011 15% 36% 49% U.S. Economy July 2012 15% 40% 45%
Federal Reserve Bank of Minneapolis Business Confidence Survey State Economy June 2011 33% 37% State Economy 30% July 2012 40% 51% 9%
Federal Reserve Bank of Minneapolis Business Confidence Survey Local Economy June 2011 35% 37% 28% Local Economy July 2012 35% 58% 7%
Federal Reserve Bank of Minneapolis Business Confidence Survey Your Business June 2011 23% 10% 67% Your Business July 2012 19% 4% 77%
Federal Reserve Bank of Minneapolis Business Confidence Survey Business Expectations - Nov. 2010 Sales revenue 38 36 26 Up Productivity 37 54 9 Same Employment 20 62 18 Down Input costs 51 41 7 Business Expectations - June, 2011 Sales revenue 44 37 18 Up Productivity 38 55 7 Same Employment 24 63 13 Down Input costs 48 45 7 Business Expectations - July, 2012 Sales revenue 54 37 9 Up Productivity 49 47 4 Same Employment 24 65 11 Down Input costs 50 49 1
Federal Reserve Bank of Minneapolis Business Confidence Survey Confidence recovering – except US Comments reflect election jitters & Congressional action Regulatory Burden Continuing, gradual recovery
Montana Chamber of Commerce Outlook for Future Montana Chamber Big Sky Roundup: - Large and Small Businesses - Regional Representation - Diversity of Industries and Businesses
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