A Surveybump forTrump?; in the Most Dramatic Turnaround in the 23-Year History of the Keystone Business Climate Survey, Owners and Chief Executive Officers of Pennsylvania Companies Reversed a Years-Long Downward Trend in Confidence in the State's Business Climate and Expressed Optimism about the Near-Term Future. [Derived Headline]

By Lowman, Henry | Tribune-Review/Pittsburgh Tribune-Review, May 1, 2017 | Go to article overview

A Surveybump forTrump?; in the Most Dramatic Turnaround in the 23-Year History of the Keystone Business Climate Survey, Owners and Chief Executive Officers of Pennsylvania Companies Reversed a Years-Long Downward Trend in Confidence in the State's Business Climate and Expressed Optimism about the Near-Term Future. [Derived Headline]


Lowman, Henry, Tribune-Review/Pittsburgh Tribune-Review


In the most dramatic turnaround in the 23-year history of the Keystone Business Climate Survey, owners and chief executive officers of Pennsylvania companies reversed a years-long downward trend in confidence in the state's business climate and expressed optimism about the near-term future.

Twenty-seven percent of the respondents said business conditions in Pennsylvania have gotten better over the past six months. That is a 22 percent jump over the 5 percent who reported an improving business climate in the survey taken last September. The number of businesses reporting worsening conditions likewise dropped from 50 percent last fall to 20 percent in the current survey.

Large swings in those numbers are rare, with the major changes usually coinciding with significant economic developments, such as the Great Recession of 2008-09. This is the first time such a large swing in optimism has occurred.

There's also a significant uptick in business confidence. Thirty-six percent of the business owners/CEOs say they expect business conditions in Penn's Wood to improve over the coming six months. That compares to just 5 percent that expected improving business conditions in the September survey. Eighteen percent said they expect business conditions to get worse over the coming six months, down considerably from the 43 percent in the fall who said they expected conditions to worsen.

Employment levels remained stable over the past six months, with 17 percent reporting higher employment levels and 15 percent saying they had fewer employees. But, looking ahead six months, 28 percent say they expect to add to their employment rolls while just 4 percent forecast cutting the number of people they employ. …

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A Surveybump forTrump?; in the Most Dramatic Turnaround in the 23-Year History of the Keystone Business Climate Survey, Owners and Chief Executive Officers of Pennsylvania Companies Reversed a Years-Long Downward Trend in Confidence in the State's Business Climate and Expressed Optimism about the Near-Term Future. [Derived Headline]
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