The San Diego Regional Chamber of Commerce‘s monthly business survey found a positive outlook for the fifth consecutive month.
The monthly Business Outlook Index stood at 21.9 in April, relatively unchanged from 22.5 in March and in line with its historical average.
The chamber said all four components of the index — expectations about hiring, revenue, hours offered to workers, and business conditions — are holding strong.
“San Diego’s business community remains upbeat with the index at its robust historical average and on par with last year at this time,” said Tom Wornham, Chief Executive Officer of CalPrivate Bank, the forecast’s sponsor.
However, survey respondents expressed some concerns about the impact of government policies and the the recently announced layoffs at Qualcomm, San Diego’s largest company.
Several respondents cited excessive regulations and a partner in an upscale steakhouse complained to the chamber that immigration policies are making it hard to find help in the kitchen.
