2016 Annual Business Confidence Index Report
Anchorage Economic Development Corporation (AEDC) contracted with McDowell Group, an Alaska research firm, to conduct the eighth annual AEDC Business Confidence Index (BCI) Survey. The purpose of the survey is to assess business conditions in the Anchorage area and measure the degree of optimism or pessimism with which Anchorage businesses look forward to 2016. The survey was fielded from November 16 to December 21, 2015. Online responses from 239 businesses and organizations in Anchorage and Chugiak/Eagle River were analyzed and modeled to produce business confidence indices.
Business Confidence Indices
The survey measures confidence and reports an index for each of six major areas: overall composite, Anchorage economy, gross sales, net profits, employment and capital expenditures. Each index represents a combination of responses to several questions. With a maximum score of 100, an index above 50 indicates a generally optimistic outlook while below 50 indicates a generally pessimistic view.
This is the first time since the BCI survey began in 2009 that all indices have shifted downward in the same year. However the overall trend has tended to be somewhat pessimistic since 2013/2014. In general, though, views of business owners about their own businesses are not as negative as those about the overall economy.
Download the full report (PDF file) sponsored by Premera Blue Cross Blue Shield of Alaska here: 2016 AEDC Business Confidence Index Report