VANCOUVER, November 28, 2019 – The monthly Business Barometer® index for British Columbia moved 0.5 points down to an index of 52.3 in November, according to the latest survey results from the Canadian Federation of Independent Business (CFIB). The BC small business confidence index now sits 3.8 points below the Canadian average (56.1).
“We have seen little fluctuation in BC small business confidence over the past three months,” says Muriel Protzer, Policy Analyst, BC and Alberta. “But no news it not always good news. Small business optimism sits just barely above the 50 point threshold indicating more entrepreneurs expect positive growth over the next year than those who do not. Especially following the federal election, we will need all levels of government to be bold and support policies that support our local entrepreneurs,” adds Protzer.
Measured on a scale between 0 and 100, an index level above 50 means owners expecting their business’ performance to be stronger in the next year outnumber those expecting weaker performance. An index level of between 65 and 75 means that the economy is growing at its potential.
To view the full report, please visit http://www.cfib.ca/barometer
The provincial numbers for November were: PEI (75.0), New Brunswick (70.2), Quebec (67.4), Nova Scotia (62.7), Manitoba (59.8), Ontario (58.3), Newfoundland & Labrador (54.8), British Columbia (52.3), Alberta (44.7) and Saskatchewan (44.1).
November 2019 findings are based on 822 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Data reflect responses received from November 4th to the 18th. Findings are statistically accurate to +/- 3.4 per cent 19 times.
To arrange an interview with Muriel Protzer, Policy Analyst, about the BC results, please call 604-684-5325 or email [email protected] after 9:00 AM PT. To interview Chief Economist, Ted Mallett, about the national results, please call 416-222-8022. For more information, visit cfib.ca.