Montgomery back on top in Alabama Business Confidence Index

 

Montgomery and the River Region rank first in a survey of business confidence among industry leaders in Alabama’s largest metropolitan areas. This is according to a survey by the  University of Alabama Center for Business and Economic Research. The center recently published its findings in the Alabama Business Confidence Index (ABCI) Third Quarter Report, which measures quarterly economic expectations by polling business leaders across the state. The Montgomery metro area exceeded the state average by garnering a reading of 62.4 for the third quarter of 2017, which marks its third consecutive rating above 60 and third highest rating since the ABCI began releasing the poll results in 2007.

“ABCI is one way we measure our effectiveness in priming the pump for job creators and breeding a climate here in the Capital of Dreams even more conducive to business success,” Montgomery Mayor Todd Strange said. “The results are a testament to our business communities’ perpetual innovation, and we plan to do our part in continuing to support their success through various initiatives, including activating a new 100 Gigabit switch to turbocharge the Montgomery Internet Exchange (MGMix).”

ABCI by metro areas for Q3 2017:

•Montgomery: 62.4

•Huntsville: 62.3

•Mobile: 61.9

•Birmingham-Hoover: 59.1

•Alabama: 61.6

The report indicates River Region businesses anticipate greater spending in the coming quarter based on the 1.6 point increase in the capital expenditures index. Job Creation will remain steady, while respondents in Montgomery also expect sales to increase. Montgomery ranked highest in the ABCI report for 19 of the past 27 quarters, dating back to the second quarter of 2014.

The full report is available online at:

http://cber.cba.ua.edu/abci/results/Montgomery_ABCI_Q3_2017.pdf.

– Contributed

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