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Provincial index falls more than 4 points; first major decline in eight months
Alberta’s small business confidence index suffered its first major setback after eight months of increasing or holding steady. Small business confidence in Alberta dropped 4.3 points in July to 57.3.
The national small business confidence index dipped slightly in July to 60.7 points. The other provincial numbers were: PEI (73.8), Manitoba (68.9), Quebec (68.9), Nova Scotia (66.9), British Columbia (65.9), New Brunswick (63.9), Ontario (59.5), Newfoundland & Labrador (51.8), and Saskatchewan (50.0).
Measured on a scale of 0 and 100, an index level above 50 means owners expecting their businesses’ performance to be stronger in the next year outnumber those expecting weaker performance. According to past results, index levels normally range between 65 and 75 when the economy is growing at its potential.
July 2017 findings are based on 710 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Data reflect responses received through July 18. Findings are statistically accurate to +/- 3.7 per cent 19 times in 20.