Business Confidence Remains Positive
Despite rising interest rates and persistently high inflation, which has increased the cost of doing business, 71% of respondents indicated that their confidence level remains positive ― up from 64% from last quarter. Thirty-one percent of those respondents reported a “very positive” outlook ― up from 21% from last quarter.
It’s also worth noting that the CBIZ Business Confidence Study, a weighted average of responses to the Index’s business confidence-focused questions, increased nearly seven points from last quarter. While this is not a huge jump, it’s a far cry from the more than 12-point drop we saw from Q1 to Q2.