The outlook for San Diego County businesses has declined significantly in the past month, according to a Competitive Edge report released Friday by the San Diego Regional Chamber of Commerce.
The county's Business Outlook Index (BOI) dropped to 18.5 – a decrease of eight points from the previous month and the lowest BOI ever registered.
Only 23 percent of firms that responded said they would add hours, down 13 percent from the previous quarter.
The number of firms saying they will cut back employee hours has gone from five percent to nine percent.
Government also is in pushing the BOI to a new low. Companies who say they have issues with government have the weakest outlook of all.
“The San Diego Regional Chamber’s work to fight for business-friendly policy at the state and local level has never been more crucial and is underscored by these results,” said Chamber CEO & President Jerry Sanders. “We will continue to fight the minimum wage increase above the state mandated level as well as other regulations that are counter-productive for San Diego and cause the business community to lose confidence.”
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Aug. 26, 2015 -- Executive Editor George Chamberlin speaks with Jerry Sanders, president and CEO of the San Diego Regional Chamber, about the Chargers stadium woes, challenges small businesses face and the Chamber's position on the drought.
April 27, 2015 -- Executive Editor George Chamberlin speaks with Jerry Sanders, president and CEO of the San Diego Regional Chamber, about the chamber's recent trip to Mexico, the chamber's recent endorsements of candidates for local office, and the congressional lunch.
Feb. 11, 2015 -- George Chamberlin sits down with Jerry Sanders, president and CEO of the San Diego Regional Chamber, to discuss the chamber's accomplishments in 2014, goals for 2015 and the new Chargers stadium task force.
Sept. 11, 2014 -- George Chamberlin speaks with Jerry Sanders, president and CEO of the San Diego Regional Chamber of Commerce, about Sanders' trip to Washington, D.C., where the delegation he led talked to congressional leaders about the pure water program, border relations, and more.
Aug. 28, 2014 -- George Chamberlin discusses the details of the San Diego Regional Chamber's new strategic plan and updated brand with chamber President and CEO Jerry Sanders.