|CBIA's, Gioia: companies waiting to see about the economy.|
The 2016 CBIA/Farmington Bank 2nd Quarter Economic and Credit Availability Survey reveals that about half (49 percent) of Connecticut business leaders predicted unchanged, stable conditions in the short term.
One-third of business responders felt their conditions would improve, increasing slightly from the first quarter, 17 percent also expect their company’s outlook to worsen, down from 19 percent and 32 percent stated their workforce will increase, while in the first quarter, that number was 29 percent.
CBIA economist Pete Gioia said businesses are starting to adopt a more optimistic outlook, but most of those surveyed are still sticking with this “wait-and-see attitude” for their future.
This second quarter survey was emailed out to 1,800 Connecticut business leaders in September and a total of 117 responded.