With a record-high rating of 70.6, Montgomery led all Alabama metro areas in the survey that measures statewide business confidence and expectations.
This is Montgomery’s most optimistic outlook to date in the report, which dates back more than a decade. It also marked the fourth consecutive quarter in which business leaders in Montgomery noted very strong confidence about the River Region’s economic growth.
Business leaders in Montgomery who were surveyed expressed very high expectations for improved conditions for all six of the component indexes, with three of the six registering above 73 for the Q3 2021 survey. Panelists are forecasting increased sales, hiring, profits and capital expenditures this quarter.
“My administration strives to put in place the programs and partnerships that lead to this kind of success,” Mayor Steven L. Reed said. “If you have bold ideas and vision, then we want you in Montgomery. We are empowering our entrepreneurs while boosting development and growth for all of our existing business sectors. This includes fostering a more equitable and inclusive support system that encourages participation by minority-owned and women-owned businesses.”
The report, which measures quarterly economic expectations by polling business leaders across the state, explains, “Montgomery’s business leaders surpassed their pre-COVID-19 levels of confidence with their extremely confident positive forecast. These higher ABCIs indicate sustained expectations for growth as the metro area continues to recover from the impact of COVID-19. Montgomery had the highest metro ABCI at 70.6, indicating very confident expectations for growth compared to Q2 2021.”
View The University of Alabama Center for Business and Economic Research's full report at https://cber.culverhouse.ua.edu/alabama-business-confidence-index/metro-area-results/montgomery-metro-area-report/.
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