The San Diego Regional Chamber of Commerce reported Wednesday that local business confidence “may have slightly faded” in June.
The chamber’s monthly Business Outlook Index stood at 14.9, down from 19.1 last month and that same level a year ago.
“Compared to May, companies are now less optimistic about business conditions within their industries,” the chamber said, “but expectations about the index’s other components — hiring, hours offered to workers, and revenue — are holding steady.”
The chamber also surveyed companies about the business-friendliness of local government and whether they had plans to relocate. While the view was positive, 7 percent reported they were considering relocating, up from 3 percent a year ago.
“We know it’s tough to do business in California and what we see in this month’s forecast indicates just how important it is for local government to be responsive to business concerns,” said Chamber President and CEO Jerry Sanders. “When local governments are perceived as unfriendly, they greatly increase the risk of losing firms with one in five considering a move to other counties or states.”
The survey was fielded June 17-27 by Competitive Edge Research & Communication using responses from 200 randomly-selected members of the San Diego, East County, Alpine, Escondido, Lakeside, Vista, Santee, Encinitas, National City, and Coronado Chambers of Commerce.
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