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Small business retail and wholesale confidence index launches
USA - The Small Business Research Board (SBRB) has established a Small Business Confidence Index (SBCI) for two new industry categories, the retail and distribution/wholesaling businesses, it was announced on 16 October.
The SBRB through its quarterly updates of the SBCI helps determine and track trends shared by business owners and managers in the US and Canada as well as in specific industries. The SBRB also issues quarterly SBCI reports for the construction/contracting, manufacturing and food/beverage businesses in the US. The SBRB US survey programs are co-sponsored by International Profit Associates (IPA).
Based upon the responses during the third quarter, the SBRB has established an SBCI of 44.66 for the retail sector and an SBCI of 41 for the distribution/wholesaling sector. The SBRB has been tracking attitudes of businesses in these sectors since its inception, but this is the first time an SBCI has been determined.
By contrast, the overall SBCI for all small businesses responding to the quarterly survey was 43, or three points lower than the 46 recorded during the second quarter.
The SBRB polls capture the opinions of small businesses on such topics as the economy, revenue growth, hiring and significant issues, among others. The universe of participants is developed from among small businesses across the US. The SBRB studies are voluntary surveys conducted via direct telephone contact. Projections about the strength of the economy, revenues and hiring looking forward 12 months are the three key ingredients to determining the SBCI and providing the basis for the quarterly and annual comparisons.
The SBRB will issue separate industry reports on the retail and distribution/wholesaling sectors as it does with the other industries.
“The Small Business Research Board has had significant success consistently utilising its methodology to track the opinions of small business owners and managers. We have found that the SBRB provides valuable real time data that can be used today as management tools for businesses,” said Gregg M. Steinberg, President of IPA.
For more information about the Small Business Research Board can be found at www.ipasbrb.com.
Source: eMediaWire.com
