Business Barometer Newfoundland & Labrador

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Arron Moody
5 years ago
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Newfoundland & Labrador July Business optimism in Newfoundland & Labrador has bounced up slightly. The July Business Barometer gained almost three points and reached 2.

Fulltime short-term staffing intentions remained net negative in July about per cent of employers plan on reducing staffing levels and per cent are expecting to add staff.

1 Newfoundland & Labrador July Business optimism in Newfoundland & Labrador has bounced up slightly. The July Business Barometer gained almost three points and reached 2.9 still below the national average but not so much of a spread. Fulltime short-term staffing intentions remained net negative in July about per cent of employers plan on reducing staffing levels and per cent are expecting to add staff. Currently, 37 per cent of respondents say their firms are in good shape while per cent see their firms in a poor state, which is in line with previous month's readings. (-) Newfoundland & Lab NL data presented as 4-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

2 Prince Edward Island July PEI maintained its small business confidence at high levels in July. The Business Barometer lost only one point but at 73.1 is by far the leading index among all provinces. About per cent of employers are planning on hiring, while only 2 per cent plan on cutting back staffing levels. Two-thirds of business owners say their firms are in a good state while 6 per cent say their firms are in a poor state the strongest reading for this indicator across the country. (-) Prince Edward Is. PEI data presented as 4-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

3 Nova Scotia July Nova Scotia's small businesses were pretty confident in July. The Business Barometer added 2. points which brought it to a healthy 6.. Short-term employment plans show that 16 per cent of entrepreneurs are looking to add full-time employees and 7 per cent are planning to reduce staffing. The state of business health indicator improved somewhat with about 46 per cent of business owners reporting their firms in good shape and 12 per cent reporting their firms in bad shape. (-) Nova Scotia NS data presented as 3-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

4 New Brunswick July New Brunswick's small business optimism took another drop in July. The Business Barometer lost almost four points and settled at.3. This is the fourth-consecutive decrease since March. The other indicators are very weak also. Hiring expectations are muted with equal shares of entrepreneurs looking to hire as to reduce full-time personnel (14 per cent). One-third of respondents are reporting that their firms are in good shape, while 11 per cent say their firms are in poor shape. (-) New Brunswick NB data presented as 3-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

5 Quebec July Quebec SMEs optimism slipped a little in July compared to the previous month. The Business Barometer shaved off about 3 points and measured in at 69. still the second best in after PEI. Short-term hiring plans are also very strong with 28 per cent of owners looking to hire and 6 per cent looking to cut back. The state of business indicator remained elevated about per cent of respondents indicate their businesses are in a good state, while 6 per cent indicate their firms are in a poor state, similar to June's readings. (-) Quebec QC data presented as 2-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

6 Ontario July After having a lukewarm month of June, Ontario s small business outlook had a significant downgrade in July. The Business Barometer dived 6 points to reach 6.3 roughly in line with the national average. Short-term employment plans weakened also and currently only 1 per cent of owners are looking to hire and per cent are looking to lay off employees. About 47 per cent of respondents say their firms are in good shape, while per cent say their businesses are in bad shape. Resp= 312 (-) Ontario Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

7 Manitoba July Manitoba's small businesses kept their optimism basically at the same level as in the previous two months. The Business Barometer registered a small gain of less than one full point to.1. Short-term hiring plans have seen little change in July. About 1 per cent of respondents are planning on hiring full-time staff, while 14 per cent are foreseeing reductions in personnel. The state-of-business indicator remained on solid ground about 44 per cent of respondents say businesses are in good shape, while per cent report that their firms are in poor shape. (-) Manitoba MB data presented as 4-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

8 Saskatchewan July Small business optimism in Saskatchewan finally regained some good traction in July. The Business Barometer reversed its downward trend and went up to.. While this reading is still the lowest among all provinces, the spread from the national average has shrunk this month. Employment plans are muted though with equal shares of business owners looking to hire as to layoff (12 per cent). The general state of business improved with 36 per cent of respondents saying their businesses are in good shape, versus 22 per cent who see their firms in bad shape. (-) Saskatchewan SK data presented as 3-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

9 Alberta July Alberta's small business optimism remained basically unchanged in July. The Business Barometer moved downwards less than one full point to reach.8 only one point below the national average. Full-time staffing intentions are very weak with 17 per cent of employers looking to hire and 14 per cent looking to lay off. The state of business health indicator is still at low levels: per cent see their firms in good shape compared to 21 per cent who see their firms in bad shape. (-) Alberta AB data presented as 2-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

10 British Columbia July BC's small business owners' outlook deteriorated again this month. The Business Barometer hit 6.1, almost three points below its June reading and a level not seen since 9. There hasn't been much change in the staffing intentions for the next 3-4 months or the state of business indicator. About per cent of owners are planning to increase staffing while per cent are expecting to cut back. About 43 per cent of respondents say their firms are in good shape while 7 per cent see their firms in poor shape. (-) British Columbia BC data presented as 3-mth moving averages Resp= Newfoundland & Lab Nova Scotia New Brunswick Quebec Ontario Manitoba.1.8 Saskatchewan..2 Alberta British Columbia Limitations on sales or production growth*. Major cost constraints* Ted Mallett, vice-president & chief economist, Andreea Bourgeois, senior analyst, Simon Gaudreault, senior director, national research,

Business Barometer Newfoundland & Labrador

Business Barometer Newfoundland & Labrador Newfoundland & Labrador February 18 Optimism among Newfoundland & Labrador's small businesses improved again in February. Its Business Barometer bounced almost points to reach 6.. The other indicators