business leaders economic confidence survey arkansas edition final results opened on 11/17/13 &...
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Business Leaders Economic Confidence Survey
Arkansas Edition
Final results
Opened on 11/17/13 & Closed 11/26/13
(12/13/13)
Response Demographics – by Industry
Manufacturing,19%
Healthcare16%
Technology13% Finance
11% Utilities10%
Marketing6% Construction
5% Food4%
Government4%
Education3%
Other11%
%OF TOTAL
Total
CEO
CFO, COO, CAO, etc.
Director
Other, please specify your title.
President
Vice President
Response Demographics – by Title
27% Plant Managers23% General Managers
CEO
Other
CxODirector
President
Vice President
41%
10%11%
21%
10%8%
70% of responses from companies with revenue above
$10M
Increase Significantly8%
Increase Slightly56%
No Change16%
Decrease Slightly15%
Decrease Significantly5%
Expected Sales
Revenue for Next 6 Months
64% expect Sales Revenues to increase (slightly or significantly) the first half of 2014. Wages follow suit.
Increase Significantly3%
Increase Slightly55%
No Change37%
Decrease Slightly3%
Decrease Significantly2%
Expected Wage
Change for Next 6 Months
Increase Significantly10%
Increase Slightly63%
No Change17%
Decrease Slightly11%
Decrease Significantly0%
Increase Significantly0%
Increase Slightly24%
No Change12%
Decrease Slightly35%
Decrease Significantly29%
Excluding Health Care
Health Care and Pharmaceutical Industry is negatively weighing down the results.
Health Care Only
Expected Sales Revenue - 1st Half of 2014
Increase Significantly7%
Increase Slightly33%
No Change35%
Decrease Slightly24%
Decrease Significantly1%
Expected Employee
Change for Next 6 Months
Although revenues are expected to increase, headcount and capital investments will change little.
Increase Significantly11%
Increase Slightly41%
No Change31%
Decrease Slightly12%
Decrease Significantly5%
Expected AR CapEx for
Next 6 Months
Much better1%
Somewhat better24%
About the same54%
Somewhat worse15%
Much worse6%
Overall Economic Condition
as Compared
to 6 Months
Ago
Much better4%
Somewhat better31%
About the same37%
Somewhat worse22%
Much worse5%
Change in Economic
Condition in Next 6 Months
35% expect Economic Conditions to improve in the next 6 months vs. only 25% felt the last 6 months had improved
Interest Rates Impact %of Total
Very High Impact 7%High Impact 26%Moderate Impact 30%Low Impact 28%No Impact 10%Grand Total 100%
Consumer Confidence Impact
%of Total
Very High Impact 8%High Impact 31%Moderate Impact 40%Low Impact 14%No Impact 7%Grand Total 100%
Debt Ceiling Impact%of
TotalVery High Impact 8%High Impact 21%Moderate Impact 26%Low Impact 29%No Impact 16%Grand Total 100%
2014 Congressional Budget Impact
%of Total
Very High Impact 9%High Impact 21%Moderate Impact 32%Low Impact 27%No Impact 11%Grand Total 100%
Very High Impact7%
High Impact26%
Moderate Impact30%
Low Impact28%
No Impact10%
Very High Impact8%
High Impact31%
Moderate Impact40%
Low Impact14%
No Impact7%
Very High Impact8%
High Impact21%
Moderate Impact26%
Low Impact29%
No Impact16%
Very High Impact9%
High Impact21%
Moderate Impact32% Low Impact
27%
No Impact11%
Most Arkansas leaders cite Consumer Confidence (79%) as the strongest impact to economic conditions.
What Else Impacts Your Company’s Economic Growth?
“Regulation and Compliance is the fastest growing area of our business.”
Take-a-ways
1. AR business leaders in all major industries responded
2. Majority expect revenues to increase 1st Half of 2014
3. However, headcount and capital investments will not trend closely
4. Overall economic conditions slightly improving for most industries
5. From a revenue projection standpoint, the Healthcare and Pharmaceutical industry is sick
6. While Consumer Confidence is cited as the most influential to economic growth, the National CCI remains flat to slightly down
7. Regulation and Compliance are big (and growing bigger) cost drivers for companies
Mike Stafford
501-255-7751
www.CEGpartners.com