KGO TV – Survey shows drop in confidence about recovery
The number of Bay Area executives who think the economy is better now than it was six months ago has decreased by 17 percent since May, according to a quarterly survey by the Bay Area Council.
Of the 500 CEOs and top executives surveyed between Aug. 9 and Aug. 23, 41 percent said Bay Area economic conditions are better now than six months ago, according to the Business Confidence Survey. In May, 58 percent of executives said the local economy was in better shape than six months before that.
The survey was developed to measure employer expectations in the nine Bay Area counties, according to the Bay Area Council. Executives participate confidentially through e-mail and the Internet.
“Even though we’re seeing a downward trend in business confidence in this survey, the strength of the Bay Area economy continues to provide optimism to CEOs and executives,” Bay Area Council President and CEO Jim Wunderman said in a news release.