Elkhart area businesses feeling good about economy
Posted: 07/29/2013 at 4:40 pm
By: Justin Leighty
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Three Color Flexo Folder and Glue machine operator Jeff Meteiver fine-tunes the settings on the machine as he works on the floor at Welch Packaging on March 29, 2012. A measure of Elkhart County business optimism showed a positive outlook in the local business community. (Truth Photo By Jennifer Shephard)
The Quarterly Michiana Benchmark Business Index rose slightly from the first quarter to reach a new high in terms of outlook expressed by local businesses surveyed by Kruggel, Lawton and Company.
“We’re pleased to see the overall Benchmark Business Index holding steady through the middle of 2013,” said Terry Bush, a director at Kruggel Lawton. “Although the slight decrease in employment from the same quarter in 2012 is an unwelcome trend, this quarter’s results indicate that Michiana for-profit companies continue to realize improved revenues and profitability, which will hopefully lead to greater levels of employment.
“We’re particularly encouraged about the increase in CFO outlook to its highest level since we began the survey,” Bush said. “We believe that when CFOs at for-profit companies feel good about the economic and business outlook for their companies, that sentiment bodes well for the business climate here in Michiana,” Bush said.
The survey looks at outlook from the chief financial officer, employment levels, profitability and revenue and combines those four scores into the overall benchmark index. For the second quarter, 51 CFOs participated in the survey.
The quarterly index continued a trend of growth after rising nearly 10 percent in the fourth quarter of 2012.
Any CFO or controller in an area for-profit business can participate and get results by contacting Bush at firstname.lastname@example.org or 547-289-4011.