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Home » Business » This Article

Chamber Says Business Optimism Waned as Year Ended

Posted by Chris Jennewein on January 23, 2019 in Business | 51 Views
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San Diego Regional Chamber of Commerce sign
San Diego Regional Chamber of Commerce office in downtown San Diego. File photo

The San Diego Regional Chamber of Commerce‘s final business outlook survey for 2018 released Wednesday showed reduced expectations for the new year.

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“The lowered expectations on future revenue and business conditions suggests that local businesses sense a slowdown is coming, but they are not yet seeing that at their own companies,” said Tom Wornham, chief executive officer of CalPrivate Bank, the sponsor of the chamber’s monthly survey.

A random sample of 202 local chamber members were surveyed Dec. 13-20, before the partial government shutdown began.

Their responses were used to calculate a Business Outlook Index of 14.9, unchanged from November, but down from almost 20 as recently as August.

The chamber said the survey showed optimism about revenue is down and the short-term outlook about business conditions is even less enthusiastic, slipping significantly from the previous three-month average.

Chamber Says Business Optimism Waned as Year Ended was last modified: January 24th, 2019 by Chris Jennewein

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Posted in Business | Tagged business outlook, CalPrivate Bank, San Diego Regional Chamber of Commerce, Tom Wornham
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