2017 Professional Services Business Conditions Survey Results

Total (376 Responses)

How did your location perform during the last four quarters compared to the previous four quarters?
  Up Same Down Diffusion
Index*
Sales Revenue 40% 35% 25% 58
Profits 33% 34% 32% 50
Productivity 27% 63% 10% 58
Employment Level 20% 64% 16% 52
Labor Availablility 5% 70% 25% 40
Selling Prices 29% 61% 11% 59
Input Costs 50% 46% 4% 73
Space Occupied (square footage) 6% 87% 7% 49
Exports (sales to foreign clients) 4% 92% 4% 50
  Decrease 0% 1%-2% 3%-5% 6%-10% >10% Average
Wages Per Worker 2% 31% 20% 38% 4% 4% 2.5%
Benefits Per Worker 3% 47% 12% 20% 10% 8% 2.5%
How do you expect your location to perform during the next four quarters?
  Up Same Down Diffusion
Index*
Sales Revenue 48% 39% 13% 67
Profits 41% 41% 19% 61
Productivity 31% 63% 6% 62
Employment Level 21% 72% 7% 57
Labor Availablility 5% 76% 19% 43
Selling Prices 26% 68% 6% 60
Input Costs 42% 54% 3% 70
Space Occupied (square footage) 4% 91% 5% 50
Exports (sales to foreign clients) 2% 93% 5% 48
  Decrease 0% 1%-2% 3%-5% 6%-10% >10% Average
Wages Per Worker 3% 26% 30% 38% 2% 2% 2.3%
Benefits Per Worker 3% 44% 21% 19% 7% 6% 2.1%
What is your outlook on the following state economic indicators during the next four quarters?
  Up Same Down Diffusion
Index*
Employment 43% 48% 9% 67
Consumer Spending 36% 49% 15% 61
Inflation 56% 42% 2% 77
Corporate Profits 36% 49% 16% 60
Mergers and acquisitions 38% 56% 7% 65
Notes
* A number above 50 indicates expansion; a number below 50 indicates contraction.
The index is computed by taking the percentage of respondents that reported "up" and half the percentage of the respondents that reported "same."
Percentages may not add to 100 due to rounding

Business Poll Results [xlsx]