Nebraska business owners remain optimistic about the economy.
Bureau of Business Research Director Eric Thompson with the University of Nebraska-Lincoln reports businesses have a positive outlook for the next six months.
“For the eighth time this year, eight out of eight months, the respondents of the survey of Nebraska businesses were positive in their outlook for sales and employment growth in our state, predicting that both would increase over the next six months,” Thompson tells Nebraska Radio Network affiliate KLIN.
The Bureau of Business Research sends surveys each month to 500 randomly selected Nebraska businesses. In August, 143 businesses returned the surveys, about a third.
Among those responding to the business survey, 28% expect sales to increase over the next six months with only 18% expecting a decline.
Responses were slightly less optimistic than in June and July.
Twelve percent of those responding expect to add employees. About five percent anticipate cutting jobs.
Thompson points out the businesses that have responded to the bureau’s survey have displayed optimism for eight straight months.
“I think this sort of steady optimism is a big positive, particularly with things going on now in the international economy (which) suggests that while these things are going to impact Nebraska, on an overall basis, our economy should continue to grow,” Thompson says.
Thompson says the optimism in Nebraska persist, even in the face of weakening economies overseas, especially the troubles in China which have shaken the Stock Exchange and undermined optimism in many parts of the country.
Thompson says the bureau survey indicates the faster growing areas of the state are in the Omaha and Grand Island regions.
Thompson says business managers do express some concerns; with consumer demand the top concern, followed by the quality and availability of labor.
Click here for the full survey from the Bureau of Business Research website.
Jane Monnich, KLIN, contributed to this report.