View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 10, 2022updated 27 Jul 2022 5:37pm

Business optimism increased in December: Poll

Business optimism increased in December compared to November, according to an ongoing poll by Verdict, due to recovery of manufacturing and services sectors although concerns over Omicron variant remain.

Free Whitepaper
img

Out of the Blue: Dynamic Liquid Crystal Windows

From cutting down on carbon emissions and maximising energy efficiency to enhancing the health and well-being of a buildings’ occupants, the latest ‘smart glass’ and ‘dynamic glazing’ solutions offer unparalleled opportunities. Designed to meet, if not exceed, standards for low and zero-emission buildings, Dynamic Liquid Crystal Windows by Eyrise provide the opportunity to minimise the need for artificial heating and cooling by optimising the use of that generated naturally. In this latest report, the technology’s performance is compared against its closest competitors on colour-rendering, switching speed, and circadian well-being to show where it leads the way. Gaze into the future of glazing by accessing this free whitepaper below.
by Merck
Enter your details here to receive your free Whitepaper.

Verdict has been conducting the poll to study the trends in business optimism during COVID-19 as reflected by the views of companies on their future growth prospects amid the pandemic.

Analysis of the poll responses recorded in December shows that optimism regarding future growth prospects increased by four percentage points to 67% from 63% in November.

The respondents who were optimistic decreased by one percentage point to 22% in December, while those very optimistic increased by five percentage points to 45%.

The percentage of respondents who were neutral (neither optimistic nor pessimistic) decreased by two percentage points to 13%.

The respondents who were pessimistic increased by one percentage point to 8%, whereas those who were very pessimistic decreased by three percentage points to 12% in December.

The analysis is based on 435 responses received from the readers of Verdict network sites between 01 December and 31 December 2021.

Improvement in manufacturing and services sectors instil business confidence in December

The Creighton University Mid-America Business Conditions Index, an economic indicator for the nine-state region from Minnesota to Arkansas, was at 64.6 in December compared to 60.2 in November. Economists from the university highlighted that the region is demonstrating healthy growth in manufacturing activity adding that regional growth will remain strong. The survey also found that 50% of supply managers expect the Omicron variant to disrupt supply deliveries, while 42.3% expect no impact.

The MetLife and the US Chamber of Commerce Small Business Index meanwhile reported a strong score for the quarter ending December 2021 at 63.0, which is the highest since the start of the pandemic. Optimism among small business owners in the US was indicated through their plans to increase investments and staffing levels. The survey found that 38% of small business owners intend to hire more staff, while 42% aim to invest in their business in 2022.

Similarly, the Bank of Korea announced that the Business Survey Index score in the manufacturing sector increased to 95.0 in December from 90.0 in November. The University of Cyprus’ Economic Sentiment Indicator (ESI-CypERC) also increased by 2.1 points from the previous month in Cyprus. The increase was attributed to a rise in business optimism in the country’s industry, construction, and services sectors.

The Bank of Botswana’s quarterly Business Expectations Survey (BES) further suggested that firms in the country remained optimistic in the fourth quarter of 2021 compared to the previous quarter. The increase in business optimism was a result of the expected improvements in sales volume, exports, employment, and investments in equipment and vehicles.

Related Companies

Free Whitepaper
img

Out of the Blue: Dynamic Liquid Crystal Windows

From cutting down on carbon emissions and maximising energy efficiency to enhancing the health and well-being of a buildings’ occupants, the latest ‘smart glass’ and ‘dynamic glazing’ solutions offer unparalleled opportunities. Designed to meet, if not exceed, standards for low and zero-emission buildings, Dynamic Liquid Crystal Windows by Eyrise provide the opportunity to minimise the need for artificial heating and cooling by optimising the use of that generated naturally. In this latest report, the technology’s performance is compared against its closest competitors on colour-rendering, switching speed, and circadian well-being to show where it leads the way. Gaze into the future of glazing by accessing this free whitepaper below.
by Merck
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Design Build Network