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Horizon Council and FGCU releases Executive Business Climate Survey
Lee County business climate index rose significantly in recent survey of Lee County business execs
FORT MYERS, Fla. ? Following a small increase in the previous quarter, the Executive Business Climate Index for Lee County rose five index points to 68, according to a report released today by the Horizon Council and Florida Gulf Coast University's Regional Economic Research Institute.
The two quarters of consecutive increases followed three quarters of decline.
"It's a big jump which might reflect the passing of a particularly acrimonious election cycle that was affecting consumption and investment decisions in our region," said FGCU economist Christopher Westley. ?There is more certainty in the economy today that wasn't there before the election."
The index results from calculations made to survey responses of Lee County business executives and is measured on a scale of 0 to 100.
The remainder of the survey queried executives on their level of business optimism as well as on perceptions of the incoming Trump Administration effect on their businesses. Also included in the survey were questions regarding executives' opinions about President Obama's greatest success and failure as president.
The results are compared with national surveys considering the same topics.
In reply to the question, "Do you think the actions the new president and Congress will take next year will make your company better off, worse off, or have no effect on your business?" 64 percent of local respondents indicated better off compared to 51 percent nationally. Only 7 percent of local respondents indicated worse off, compared to 17 percent nationally.
"What's interesting to me is that the difference between local and national impressions about the economy," Westley said. "It provides a measure of the disconnect that can exist between economic actors in our region and those in other parts of the country."
The full report is available on the FGCU's Regional Economic Research Institute website at: http://www.fgcu.edu/cob/reri/bcs_current.pdf
For details, contact Chris Westley at (239) 590-7090 or firstname.lastname@example.org.