Business Leaders Economic Confidence Survey

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Talk Business Arkansas, in conjunction with the Arkansas State Chamber of Commerce and consulting group CEG Partners, released its first “Business Leaders Confidence Survey” in December 2013, highlighting statistics related to Arkansas businesses' expectations for the first half of 2014.

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Business Leaders Economic Confidence Survey

  1. 1. Business Leaders Economic Confidence Survey Arkansas Edition Final results Opened on 11/17/13 & Closed 11/26/13 (12/13/13)
  2. 2. Response Demographics – by Industry Manufacturing, 19% Healthcare 16% Technology 13% Finance 11% Other 11% Utilities 10% Marketing Construction 6% 5% %OF TOTAL Food 4% Government Education 4% 3%
  3. 3. Response Demographics – by Title Vice President Total President CEO 8% 10% Other 41% 21% CEO CFO, COO, CAO, etc. 27% Plant Managers 23% General Managers Director 11% Other, please specify yo 10% President Vice President Director CxO
  4. 4. Increase Slightly 56% Expected Sales Revenue for Next 6 Months No Change 16% Increase Significantly 8% Decrease Slightly 15% Decrease Significantly 5% Increase Slightly 55% Expected Wage Change for Next 6 Months No Change 37% Increase Significantly 3% Decrease Slightly 3% Decrease Significantly 2% 64% expect Sales Revenues to increase (slightly or significantly) the first half of 2014. Wages follow suit.
  5. 5. Expected Sales Revenue - 1st Half of 2014 Excluding Health Care Increase Slightly 63% No Change 17% Increase Significantly 10% Decrease Slightly 35% Health Care Only Increase Slightly 24% Increase Significantly 0% Decrease Slightly 11% Decrease Significantly 0% Decrease Significantly 29% No Change 12% Health Care and Pharmaceutical Industry is negatively weighing down the results.
  6. 6. Expected Employee Change for Next 6 Months Increase Slightly 33% No Change 35% Decrease Slightly 24% Increase Significantly 7% Decrease Significantly 1% Expected AR CapEx for Next 6 Months Increase Slightly 41% No Change 31% Increase Significantly 11% Decrease Slightly 12% Decrease Significantly 5% Although revenues are expected to increase, headcount and capital investments will change little.
  7. 7. Overall Economic Condition as Compared to 6 Months Ago About the same 54% Somewhat better 24% Somewhat worse 15% Much better 1% About the same 37% Somewhat better 31% Somewhat worse 22% Much better 4% Much worse 6% Change in Economic Condition in Next 6 Months Much worse 5% 35% expect Economic Conditions to improve in the next 6 months vs. only 25% felt the last 6 months had improved
  8. 8. Very High Impact High Impact Moderate Impact Low Impact No Impact Grand Total %of Total 7% 26% 30% 28% 10% 100% Consumer Confidence Impact Very High Impact High Impact Moderate Impact Low Impact No Impact Grand Total %of Total 8% 31% 40% 14% 7% 100% Interest Rates Impact Very High Impact High Impact Moderate Impact Low Impact No Impact Grand Total %of Total 8% 21% 26% 29% 16% 100% 2014 Congressional Budget Impact Very High Impact High Impact Moderate Impact Low Impact No Impact Grand Total %of Total 9% 21% 32% 27% 11% 100% Debt Ceiling Impact High Impact 26% Moderate Impact 30% Low Impact 28% Very High Impact 7% No Impact 10% High Impact 31% Moderate Impact 40% Low Impact 14% Very High Impact 8% High Impact 21% Moderate Impact 26% No Impact 7% Low Impact 29% No Impact 16% Very High Impact 8% Moderate Impact 32% High Impact 21% Very High Impact 9% Low Impact 27% No Impact 11% Most Arkansas leaders cite Consumer Confidence (79%) as the strongest impact to economic conditions.
  9. 9. What Else Impacts Your Company’s Economic Growth? “Regulation and Compliance is the fastest growing area of our business.”
  10. 10. Take-a-ways 1. AR business leaders in all major industries responded 2. Majority expect revenues to increase 1st Half of 2014 3. However, headcount and capital investments will not trend closely 4. Overall economic conditions slightly improving for most industries 5. From a revenue projection standpoint, the Healthcare and Pharmaceutical industry is sick 6. While Consumer Confidence is cited as the most influential to economic growth, the National CCI remains flat to slightly down 7. Regulation and Compliance are big (and growing bigger) cost drivers for companies
  11. 11. Mike Stafford 501-255-7751 www.CEGpartners.com

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