2013 Business Confidence Index Report
The Anchorage Economic Development Corporation (AEDC) contracted with McDowell Group, an Alaska research and consulting firm, to conduct the fifth annual AEDC Business Confidence Index (BCI) Survey. The purpose of this survey was to assess business conditions in the Anchorage area and measure business confidence entering 2013. A total of 113 businesses and organizations in Anchorage and Chugiak/Eagle River participated in the online survey, which was conducted between November 14 and December 21, 2012.
Business Confidence Indices
The 2013 AEDC Business Confidence Composite Index for 2013 is 60.7, up slightly from early 2012, when business confidence was measured at 59.8. This increase marks the most positive outlook for Anchorage’s economy in the five years the BCI has been measured. With a maximum score of 100, an index above 50 indicates an optimistic outlook while below 50 indicates a more pessimistic view. Overall, the indices in all five main areas of the survey have trended upward since the first BCI survey was fielded five years ago: capital expenditures, employment, net profits, gross sales, and the Anchorage economy. The Composite Index has gained almost nine points overall during that time period.
Compared to last year’s results:
- Capital expenditure expectations for 2013 are up 3.2 points: 60.8 compared to 57.6 last year.
- Expectations for employment are up 1.9 points: 58.9 compared to 57.0.
- The net profit index is down slightly, by 0.1 points: 63.1 compared to 63.2.
- The gross sales index is up by 0.9 points: 64.9 compared to 64.0.
- Optimism about the Anchorage Economy is level: 55.9 in both years.
Download the full report (PDF file) sponsored by Premera Blue Cross Blue Shield of Alaska here: 2013 AEDC Business Confidence Index Report