In addition to data on the Connecticut business community as a whole, the Connecticut Business Climate Index is designed in a way that provides a very detailed picture of perceptions of businesses in specific industry sectors. It allows the department to continually monitor Connecticut's business climate and to achieve a more accurate assessment of businesses' future expectations. The business community in Connecticut continues to have a strongly positive assessment of both the U.S. economy and the Connecticut economy in general. The business community's assessment of the economy in Connecticut is equally positive. A large majority of the businesses in Connecticut are confident about the future of the U.S. and Connecticut economies over the next few years.
Businesses also remain confident about the future of their own company over the next few years.
By a large majority, businesses in Connecticut are confident about the future of their own company in Connecticut over the next few years. The vast majority of businesses in Connecticut say that the business climate in the state is getting better or staying the same. A large majority of businesses in the state rate the present general business conditions in their geographic area as excellent or good. An even larger majority believes that in a year from now business conditions will still be excellent or good. The majority of Connecticut businesses do not plan to increase the size of their in-state workforce in the fourth quarter of 1999.