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Union Bank's Latest 'Small Business Economic Survey' Finds that Entrepreneurs Are More Optimistic
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(OPEN):
LAST MONTH [JANUARY], UNION BANK SURVEYED
HUNDREDS OF SMALL-BUSINESS OWNERS--THROUGHOUT CALIFORNIA, OREGON, AND
WASHINGTON: 59-PERCENT SAID THAT THE NATIONAL ECONOMY IS HEADED IN
THE WRONG DIRECTION--BUT 41-PERCENT SAID THAT IT'S HEADED IN THE
RIGHT DIRECTION; THAT'S UP 10 PERCENTAGE-POINTS FROM LAST
YEAR--AND UP 16 PERCENTAGE-POINTS FROM 2012. UNION BANK
EXECUTIVE VICE-PRESIDENT AND HEAD OF BUSINESS-BANKING,
TODD HOLLANDER, HAS MORE FROM THIS YEAR'S "SMALL BUSINESS
ECONOMIC SURVEY"...
(HOLLANDER):
"SMALL-BUSINESS
OWNERS FROM THE PROFESSIONAL-SERVICES INDUSTRY REMAIN THE MOST
OPTIMISTIC--WITH 51-PERCENT SAYING THAT THE NATIONAL ECONOMY IS
HEADED IN THE RIGHT DIRECTION. BUT, RETAIL-STORE OWNERS AND
RESPONDENTS FROM THE PERSONAL-SERVICES INDUSTRY WERE THE MOST
PESSIMISTIC--WITH MORE THAN 70-PERCENT, IN EACH GROUP, INDICATING
THAT THE [NATIONAL] ECONOMY IS HEADED IN THE WRONG DIRECTION.
IN TERMS OF THEIR OWN STATE'S ECONOMY, 51-PERCENT OF ALL RESPONDENTS
BELIEVE THAT IT'S HEADED IN THE WRONG DIRECTION--WHILE 49-PERCENT
BELIEVE THAT IT'S HEADED IN THE RIGHT DIRECTION; THAT'S UP EIGHT
PERCENTAGE-POINTS FROM LAST YEAR--AND UP 15 PERCENTAGE-POINTS FROM 2012.
WE ALSO FOUND THAT AN INCREASING NUMBER OF RESPONDENTS BELIEVE THAT THE
SMALL-BUSINESS CLIMATE WILL CONTINUE TO IMPROVE, OVER THE NEXT TWO
YEARS. AND, DESPITE A RISE IN WORKFORCE-REDUCTIONS, RESPONDENTS
PLAN TO MAINTAIN THE SAME STAFFING-LEVELS AND CAPITAL-EXPENDITURE
LEVELS--WITH MORE BUSINESSES PLANNING TO BOOST CAPITAL-SPENDING, AND
FEWER COMPANIES ANTICIPATING HEADCOUNT-REDUCTIONS."
(CLOSE):
FOR MORE SURVEY-RESULTS, VISIT
"UNION-BANK"-DOT-COM.
