What Does All of This Economic Data Mean For Your Business?
Headline from the San Diego Union Tribune this weekend: “Economy Gains Steam, Adds 200,000 Jobs”.
In an article released last Friday from Vistage titled “More Hiring, More Investing, Better Economy: Vistage CEO Confidence Index” some of the numbers cited were:
- The CEO confidence index reported its largest quarterly gain in two years, a remarkable 18 percent increase.
- “Net increases in employment were planned by 55 percent of all firms,” the report states. That’s the “highest percent that planned job additions since 2007”.
- Seventy-three percent of all firms expect revenue growth, up from only 62 percent in the prior quarter. That rate is “much closer to the year-ago level of 77 percent.
- Improved economic conditions were cited by 41% in the 4th quarter, up from just 18% in the 3rd quarter. Just 12% thought the economy had recently worsened. When asked about prospects for the year ahead, additional economic gains were expected by 40%, twice the 20% recorded in the 3rd quarter.
And these are just a portion of the numbers given.
Pick up the Sunday Wall Street Journal and you’ll find numbers and statistics galore. The numbers reflecting the economy are positive, and this could bode well for small-medium size businesses this year. But how do you, running your business which has its own micro-economy and financial statistics, know what the short and long-term impact of all this data means to you?
We won’t claim that we can tell the future. We won’t predict what interest rates will be next month. We won’t guess when Federal Reserve policy changes will happen which will free up more credit for businesses to expand. But what we will do, what we do best, is consult with you about all of this data and develop strategies for you and your business. Talk today with a Regents Banker and ask for an interpretation of all of this data and ask what the real world impact it has on your business. You’ll get straight answers and honest advice. It’s how we’ve built our business the last 10 years, and it’s why we’ve become the trusted advisor that so many San Diego businesses turn to.
Regents Bank has offices in La Jolla, Downtown San Diego, El Cajon, Carlsbad and Vancouver, WA. Learn more about Regents Bank at www.regentsbank.com.
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Posted on January 11, 2012, in Business Advice, Consultative Banking, Uncategorized and tagged Regents Bank San Diego, San Diego Union Tribune, Vistage, Wall Street Journal. Bookmark the permalink. Leave a comment.