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Silicon Valley optimism spikes to highest levels in 12 months
The results from the monthly survey by the SCU Leavey School of Business showed that managers in
“It’s a significant, positive trend, and it indicates that some of the uncertainties about the national economy are easing,” he said. However, he cautioned that “it’s too early to say whether this represents the upswing that everyone has been awaiting for more than a year.”
The latest SCU Business Index shows that “companies are positioning themselves for a takeoff, but are still waiting for that big lift from consumers,” said Mitchener.
Respondents told the SCU researchers last week that current business conditions for companies and their customers, and current job prospects in their companies have improved to levels of 12 months ago. Likewise, the respondents’ expectations of improvements in the next six months rose to their highest levels in 12 months.
In a separate question, the SCU Business Index found that 53 percent of respondents said that the weakening of the U.S. dollar in world financial markets had no effect on their Silicon Valley companies.
To schedule an interview with Kris Mitchener today, call 408-396-4491.
Complete SCU Business Index results and methodology for June and earlier months can be found at http://www.surveycompany.com/SCUBI/SVOutlook.html.
This monthly business indicator, the only one of its kind for the
The SCU Business Index since February 2002 has asked managers and executives in a wide range of businesses in
The Santa Clara University Business Index survey polls several hundred MBA alumni, undergraduate business alumni, and several dozen members of its business advisory board who are employed in managerial and executive positions in
SCU Business Index in June shows improvements in optimism (red) and current business conditions (blue)." style="float:none; margin:0; width:140px; border:none;" />