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Richmond Events Business Panel Report - Economic Outlook


Key Findings Include:

  •  Only 4% of the panel expect the economy to grow significantly over the next 12 months. However, almost 2/3 expects it to have shown some signs of growth.
  •  The figures for 3 years’ time are much more optimistic. 19% of the panel expect the economy to have grown significantly whilst a further 71% expect it to have grown marginally. Only 3% expect it to shrink a little.
  •  The highest proportion of the panel has increased headcount and may do so again, with a further 8% having increased it but not expecting to do so again. Areas showing particularly strong growth include IT, sales and marketing. 
  •  69% of the panel feel their revenues will increase over the next 12 months with 59% feel their profits will do likewise. This further reinforces some of the renewed optimism within this year’s results.
  •  37% expect to see their budget increase compared to 19% who expect it to see it go the other way. The rest, 44%, don’t see it changing.
  •  20% of organizations expect to move some part of their business outside the US over the next 2 years. The most popular destinations are South / Central America and India.

Download the full report.


Richmond Events' Business Panel Report - Economic Outlook


The latest Richmond Events' business panel report on the economic outlook is now available. Please read on for headline findings and to download the free report.

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Richmond Events’ Business Panel Report - Economic Outlook


The annual economic outlook survey from the Richmond Events’ Business Panel is now available.

Headline findings include:-

  • Government’s handling of the economy: 3% rate the government’s handling of the economy as very good, 44% as acceptable, 41% could have been better and 8% as shocking.
  • Interest rates: the panel predicts interest rates will be at (average) 0.8% in 1 year’s time and 1.65% in 3 years’ time.
  • Growth: Not a single respondent expects the economy to grow significantly over the coming year, whilst 30% expect it to grow marginally. A further 52% expect it to stay much the same as it is now, whilst 16% expect it to shrink a little and 2% shrink a lot.
  • Headcount: 25% of organisations have increased headcount over the last year. The number who have reduced headcount, and may do so again, has fallen slightly: 34% to 31%.
  • Turnover: just under half expect their turnover to increase, with a further third expecting it to remain the same. As a result, those who feel their turnover will probably reduce comprise only 13% of the panel.
  • Profit: Less than half the panel feel their organisation’s profit will increase in 2013, slightly down from last year. 14% feel their profits will fall this year - 5% less than last year. 4% are undecided.

For a full copy of this free report, please contact David Clark.
 


Richmond Events’ Business Panel Report – Economic Outlook


Our latest Business Panel report on the UK economic outlook is now available. Headline findings include:-

  • Only 8% rate the government’s handling of the economy as very good, 52% as acceptable, 28% could have been better and 8% as shocking. 
  • The panel predicts interest rates will be at (average) 0.8% in 1 year’s time and 1.88% in 3 years’ time.
  • Not a single respondent expects the economy to grow significantly over the coming year, whilst 24% expect it to grow marginally.  A further 45% expect it to stay much the same as it is now, whilst 29% expect it to shrink a little and 2% shrink a lot.  These figures are down versus last year.
  • The Retail sector is the most pessimistic, with 92% predicting things are going to get a little or a lot tougher (transport & travel are the only ones who predict ‘carnage’!)  
  • Less than half the panel feel their organisation’s profit will increase in 2012, though up from 41% last year.  19% feel their profits will fall this year, 6% more than last year.  3% are undecided.
  • Budgets – mixed news. The proportion expecting an increase has remained similar to last year, 23% down from 24%. However this figure is still dwarfed by the 33% expecting a decrease (though also down from 37% last year). The remaining 44% don’t expect to see a change.   

Download the full report.

For further information please contact David Clark.



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