VBR and EPR Release Qtr1 and Qtr2 2018 Business Conditions Survey Results (May 2018)
Today, Lisa Ventriss, President of Vermont Business Roundtable (VBR) and Jeffrey Carr, President, Economic & Policy Resources (EPR), announced the Q2 of 2018 outlook results of their joint initiative, the VBR/EPR Business Conditions Survey and Index.Almost three-quarters of respondents (72%) shared negative outlooks specifically with ease of hiring for available positions; an increase from the previous survey (69%). When asked, “Are you more or less optimistic about the general business climate in your sector compared to three months ago?”, the manufacturing sector had the most optimistic outlook on the general business climate (67% optimistic), while the health care sector again had the least optimistic outlook (67% pessimistic, 33% neutral).
Mr. Carr of EPR stated that “While business leaders in Vermont appear to have a somewhat more cautious economic outlook compared to their national counterparts, there are still a number of positive signs, including an uptick in all three of the diffusion indices looking forward into the future – including demand, capital spending, and employment.”Vermont’s outlook appears to remain on a “neutral” trend, with only slight fluctuation. Given the responses from this and the previous survey, they continue to demonstrate that economic conditions overall remain cautiously optimistic in many areas of the State and sectors of Vermont economy.