BMO Harris recently released its 2014 U.S. Business Outlook report, containing some interesting opinions and facts regarding businesses throughout the county.
Image courtesy of BMO Harris
To read the full report, click here.
The two useful bits of information stemming from this report are the survey results for the outlook of businesses in 2014 as well as the self-reported data of those same businesses in 2013.
The first stat (the chart above) is especially good news for the state of Florida as 96% of businesses polled in the state expect their business to either increase or remain the same. Of that 96%, over half expected their business to grow. This is especially welcoming news as two of the most important factors when it comes to an increase in homeownership are job creation and access to capital. With business owners expecting their business to grow, more jobs will be created and more people will have more access to capital.
The other telling stat from the report comes from the year-over-year data for companies, as 84% of companies either grew or remained the same from 2012 to 2013. This bit of data is certainly an affirmation that companies are bouncing back from the economic downturn and expect continued growth this year as well.
For those in the real estate industry, knowing that businesses are expected to improve their performance will increase the performance of the real estate industry as well.
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