Connecticut businesses have a more positive outlook than they did in the third quarter, but their economic expectations remain largely unchanged, according to a survey released by the Connecticut Business & Industry Association.
Of the 231 businesses that responded, 33 percent said they expect company performance to improve somewhat. That’s up from 28 percent in the third quarter, and from 32 percent in the final quarter of 2013. Meanwhile, 11 percent expect business to worsen somewhat, down from 17 percent a quarter ago and 12 percent over the year.
The survey’s margin of error is +/- 6.5 percent.
More respondents, 24 percent, rated the state’s lending climate as ‘good,’ up from 15 percent a year ago.
CBIA also asked businesses how important the state’s tax policy is to their investment and location decisions: 61 percent said very important, 27 percent said somewhat important, and 12 percent said not important.
Image credit: artur84, freedigitalphotos.net
