Economic Outlook & Member Survey

 

Economic Outlook and Member Survey 2016

Conducted in December 2015 by the St. John’s Board of Trade, this survey provides an overview of the business climate for the coming year. More than 100 local businesses, comprised of all sectors of the economy responded to the survey.

Approximately 50 per cent of business owners characterize local economic conditions as “fair” or “good,” according to the December economic survey conducted by the St. John’s Board of Trade. Fifty-four per cent of those surveyed say that shrinking markets will have the greatest impact on their business in 2016-2017.

OVERVIEW

  • 47 per cent of businesses report their company’s financial position as about the same as last year.
  • 61 per cent of businesses say that the number of people employed at their company has remained the same.
  • 72 per cent of business said compared to a year ago economic conditions are worse in St. John’s.
  • 54 per cent of businesses say that shrinking markets will impact their business in 2016-2017.
  • 85 per cent of businesses state that that moving towards a culture if continuous improvement is very important.

Click to read the full Economic Outlook and Member Survey 2016


Previous member surveys: