VANCOUVER, September 27, 2018 – Optimism among British Columbia’s entrepreneurs remained stuck at 55.9 in September, according to the Canadian Federation of Independent Business (CFIB) monthly Business Barometer results. The provincial Barometer index is now the second lowest in the country and lags behind the national index (61.4) by 5.5 points.
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
“Small business optimism stalled in September, and is now second to last across the country, obviously not a good sign for BC’s economy relative to the rest of the country,” said Muriel Protzer, Policy Analyst, BC and Alberta. “To help grow optimism above the stalled level, entrepreneurs will be looking for bold policies that support local business in the October 20th municipal election”, added Protzer.
The other provincial numbers for September were: Quebec (74.5), PEI (74.1), Nova Scotia (63.1), Ontario (61.2), Manitoba (61.1), Saskatchewan (58.5), New Brunswick (58.0), Newfoundland and Labrador (56.3), and Alberta (54.8).
The September 2018 findings are based on 605 responses, collected from a stratified random sample of CFIB members, to a controlled-access web survey. Data reflect responses received through September 17. Findings are statistically accurate to +/- 4.0 per cent 19 times in 20.
To arrange an interview with Muriel Protzer about the BC results, please call 604-684-5325 or email [email protected] after 8:30 AM PT. To interview Chief Economist, Ted Mallett, about the national results, please call 416-222-8022. For more information, visit cfib.ca.
CFIB is Canada’s largest association of small- and medium-sized businesses with 110,000 members across every sector and region, including 10,000 in B.C.