Confidence in the local economy among Calgary business leaders has increased by 10 percentage points since this time last year, according to survey findings released today by Calgary Economic Development and the Calgary Chamber.
The survey indicates that the Business Confidence Index has climbed to 70.4 points out of 100, with most of the increase (6.2 percentage points) coming since fall 2017.
One factor contributing to the increased optimism is the level of business activity. Sixty-two per cent of respondents indicated their own business was “busier” than the previous year compared with just 35 per cent who said they were “busier” in the last survey.
There has been at least a five per cent increase since last spring by companies intending to spend more in three critical areas: operations, labour force and capital investments.
Commissioned by the Chamber and Calgary Economic Development, the twice-yearly study is conducted by Calgary research firm Stone Olafson and surveyed 748 business owners and executives between May 14 to June 5, 2018.