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Executive Summary--Third Quarter 2009 Alabama
Business Confidence Index®
The Alabama Business Confidence Index (ABCI), a quarterly
gauge of Alabama business sentiment conducted by the Center for
Business and Economic Research at The University of Alabama, announces
its third quarter 2009 results.
Key findings of the third quarter ABCI include:
- Business confidence posted the largest quarterly gain in the
survey’s almost 8-year history. Still, the economy is not
expected to turn the corner in the third quarter, as indicated
by an ABCI of 46.0.
- Of the six variables that are equally weighted in calculating
the ABCI, only sales passed the threshold of 50 this quarter.
With a component index of 50.3, sales could see a very modest
increase. . . . (more)
 
CBER Launches Alabama Business Confidence Survey
June 1
The Center for Business and Economic Research is assuming responsibility
for measuring business confidence across Alabama beginning with
the Q3 2009 survey. The ABCI® represents a seamless transition
from the BLCI® survey that the Center has conducted in partnership
with BBVA Compass over the last seven and a half years. Returning
BLCI panelists who have completed at least one survey since Q1 2006
will simply log in. New and inactive panelists will register first.
We encourage all Alabama business executives to lend their voices
to this important forecasting endeavor!
UA Economists See State’s Economy Continuing to Contract in
Second Quarter
While Alabama fell into recession much later than the official
U.S. date of December 2007, the state is facing the same challenges
as the rest of the nation. Slowdowns in consumer and business spending,
tightened lending conditions, and a weak housing sector are negatively
impacting both output and employment across Alabama . . . (more)
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