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The Business Confidence Research Index, conducted by Bellevue-baser , is a compilation of measures in revenue, wages and future confidence. The latest survey’s overall confidence indexx was 28.6 points, its lowest score ever and well beloq its historical meanof 54.79. “o don’t think we’ll see it go much lower; it is hard to imaginw that,” said Jim Hebert, president and CEO of the researchj firm. Based on a 100-point scale, the survey’sd indexes measure employment, revenue and wages; all of those decliner in the fourth quarter. Each measure is below 50 points, indicatingb economic decline ineach area. The survey’sx revenue index fell to 7.
6 points, its lowest levek ever. “What the businesse leaders are saying is that this is gointg to be a challenging said Hebert. The survey offers a few positivd notes. Thirty-one percent of respondentx said they expected the economy tofurtherf deteriorate, a slight improvemengt over the previous when 38 percent expected continued decline. an index of executives’ confidence in the next 12 monthss improved five pointsto 43.6, the firs t uptick in two years. The surveuy polled 160 chief executives and chief financial officers during thefourth quarter. Professional servicesx companies, including real estate, accounted for 60 percentt of all respondents.
Commissionecd by Key Bank, the index shows that 18 percen t of companies expect to reduce their employment in thenext year. businesses said their annual grossw margins had fallen on averagd by morethan 3.6 percent in the last year.
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