Survey: Indiana Business Confidence Rebounds
A new INdiana Business Council survey suggests the state’s business community is becoming more upbeat about the Hoosier economy.
Seventy-six percent of respondents feel confident in the state’s economy in 2012, an increase of 11% over 2011.
The survey, conducted by Indianapolis-based Walker in mid-January, also reveals a dramatic shift in the hiring outlook of Indiana CEOs, with 47% of respondents planning to increase hiring in 2012. That is up from only 40% last year.
“Even though Indiana has been recognized for its fiscal discipline and approach to economic development, Hoosier business confidence waned over much of 2011,” said Gerry Dick, president of Grow INdiana Media Ventures LLC and host of Inside INdiana Business with Gerry Dick. “It appears as though the New Year is bringing a new sense of optimism about the economy.”
More than 900 members of the statewide, online panel responded to the INdiana Business Council’s 2012 outlook survey. Other highlights include:
• Nearly 74% believe Indiana’s economy will improve in 2012.
• 46% of all CEOs plan to increase hiring in 2012.
• Nearly two-thirds of respondents feel Indiana’s government is business-friendly.
• The BCI for the technology sector is 75%, the highest of all industries.
The results are being echoed in the most recent Indiana Business Confidence Index (BCI), which has jumped to 64%, up three percentage points from the previous month. It marks the first time the Index has increased in two consecutive months. The BCI is a measure of the overall confidence Indiana business leaders and employees have in their company’s opportunity for growth and success in the coming 12 months.