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SD business confidence low, chamber reports

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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San Diego Regional Chamber of Commerce

Company Website

402 West Broadway Ste., 1000
San Diego, CA 92101

San Diego Regional Chamber of Commerce Executive(s):

Jerry Sanders

  • Chief Executive Officer, President

Ruben Barrales

  • Chief Executive Officer

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