The San Diego Regional Chamber of Commerce‘s index of business outlook rose in October for the third straight month and remained in “steadily optimist territory.”
The index rose to 19.0, up from last month’s 14.7 and well above the 9.3 recorded in October 2016 during the contentious presidential campaign. The chamber said “confidence remains steadily optimistic” in the last quarter of the year.
“County businesses seem bullish on profits for the coming months as we see improved expectations about revenue compared to the previous three months,” said Tom Wornham, president and CEO of San Diego Private Bank, the sponsor of the index.
“Firms in the hospitality/restaurant industry are a particular standout and more likely than others to anticipate revenue increases over the next three months,” he noted.
The chamber said the trend over the last twelve months has remained positive for small, medium and large firms.
The index is compiled from a monthly survey of 200 randomly selected members of the San Diego chamber and other local chambers of commerce.
