posted at 5:52 pm Wed Oct 10th, 2012 by (WherezIt_Staff)
The chief executives of Vermont's leading businesses demonstrated an increasingly stable outlook in their economic forecasts for the coming six months, compared against the previous survey.
The survey, which was completed between September 17 and September 28, was released today by Vermont Business Roundtable Chair Steve Voigt, CEO, King Arthur Flour and President Lisa Ventriss.
"Overall, the Roundtable's survey results indicate a high level of optimism in the economy when compared against the previous quarter," said Steve Voigt, Chair of the Vermont Business Roundtable and President and CEO of King Arthur Flour. "Over 90 percent of members who responded are anticipating either increased or stable activity in sales, capital spending and employment. This bodes well for Vermont as we head into the holiday and winter recreation seasons." These results contrast sharply with the Washington, D.C.-based Business Roundtable, whose similar quarterly survey shows a downshift in sentiments reflecting ongoing uncertainty about the strength of the nation's recovery. For coverage of those results, click here.
The response rate for this quarter was 68 percent. Historically, rates have varied from 35 to 73 percent. The Roundtable's CEO Economic Outlook Survey provides a forward-looking view of the economic assumptions and attitudes of chief executive officers of the state's top employers that represent Vermont's agriculture, construction, education, health services, finance, real estate, insurance, hospitality/leisure, manufacturing, information, utilities, professional/business services, wholesale trade, and non-profit industries.
The Vermont Business Roundtable is a nonprofit, nonpartisan organization of chief executive officers of Vermont's top private and nonprofit employers, representing geographic diversity and all major sectors of the Vermont economy. Roundtable members employ more than 10 percent of the state's workforce. On an aggregate level, members represent an economic impact of $292 billion and commit over $1.8 billion in corporate philanthropy. The Roundtable is committed to sustaining a sound economy and preserving Vermont's unique quality of life by studying and making recommendations on statewide public policy issues.
Source: VBR. 10.10.2012 www.vtroundtable.org.
Montpelier, VT 05602 (Set as Local)
Burlington, VT 05401 (Set as Local)