Univ. of Ala. sponsored business survey shows negative outlook for state’s economy

📆 25-10-22 18:16:00
📰 WTVYNews4

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Inflation is hurting us all as we’re paying more for just about everything. Businesses reportedly are not doing much better.

, the University of Alabama Socioeconomic Analyst researcher who put this survey together.

Inflation, higher gasoline prices, and a possible recession help comprise what Robichaux says is the Alabama Business Confidence Index . Anything under the score of 50 is considered a ‘negative’ outlook. The most recent ABCI shows an index of 48.4. The survey was done in September 2022, but there is a sliver of positive news in the negative economic outlook by business leaders. The 48.4 score is slightly higher than the quarter before.

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