Tuesday, March 1, 2011

Results of Today's Live Economic Outlook Survey

Click here to download pictures from the breakfast
on the Chamber's online photo album.
Nearly 400 Greater Boston business leaders joined us this morning at the Westin Copley Place for the annual Economic Outlook Breakfast with Sovereign Bank.

Sovereign Bank's Steve Andrews, senior vice president, global banking & markets, opened the breakfast with a presentation on key economic indicators, including employment trends, consumer confidence, and home prices. Click here to download the PowerPoint presentation.  
 
New this year was a live, interactive audience survey on the state of the economy, led by Sovereign Bank's Larry Delp, EVP/director, corporate banking middle marketing. Through this survey, we are able to gain perspective on the state of the economy. View the results of this survey below.
Survey Questions – 2011 Economic Outlook Breakfast


1. Which best describes your position in your company?
Principal owner or partner 21%    
President/CEO 10%
Senior management  33%
Middle management 19%
Line/staff   18%

2. Thinking about the U.S. overall, over the next 12 months how do you think the economy will be in comparison to today?
Much better shape  6%
Somewhat better shape    61%
About the same 27%
Somewhat worse shape 6%
Much worse shape  0%

3. Thinking only about Greater Boston, over the next 12 months how do you think the economy will be in comparison to today?
Much better shape  9%
Somewhat better shape    60%
About the same 29%
Somewhat worse shape 2%
Much worse shape  1%

4. Thinking only about your business, over the next 12 months how do you think your business will be in comparison to today?
Much better shape  26%
Somewhat better shape    42%
About the same 29%
Somewhat worse shape 3%
Much worse shape  0%

5. What do you think are the top challenges facing this region? Please select up to three.
Availability of skilled labor 5%
Corporate and personal taxes 6%
Quality of public education 6%
Overall cost of living 20%
Crime/corruption 1%
Transportation/infrastructure 7%
Cost of health care 19%
Cost of fuel & energy 13%
Real estate prices/market 10%
Job creation/employment outlook 14%

6. Thinking about your business, what are the most challenging issues you expect to face in the next two years? Please select up to three.
Obtaining credit 5%
Attracting new customers 30%
Retaining existing customers 18%
New and costly government  regulations 7%
Hiring qualified employees 9%
Pressure from larger competitors 12%
Higher taxes 4%
Cost of health insurance/other employee benefits 15%

7. Which of the following best describes your hiring plan for this region in 2011?
Significant increase   6%
Slight increase   54%
No change  36%
Slight decrease 4%
Significant decrease 0%

8. Which of the following best describes your business’s spending plan in 2011?
Significant increase 6%
Slight increase   52%
No change  31%
Slight decrease 10%
Significant decrease 0%

9. What do you think are the best ways for our region to retain talent?
Strengthen K-12 Education 19%
Strengthen public colleges and universities  12%
Connect area universities to companies 54%
 Promote Boston to area university students 15%

10. Which areas of our transportation infrastructure need the most improvement?
Highways and roads    41%
Public Transportations (MBTA) 37%
Airport   0%
Rail (Commuter Rail)  21%
Cargo 1%

No comments:

Post a Comment