BOSS Survey - December 2011

Survey Analyzes Hawaii’s Economic Doldrums

(page 2 of 3)

COMPANIES MAINTAIN WORKFORCE

EMPLOYMENT INDEX

Has your company’s workforce grown, shrunk or stayed the same in the past 12 months?

HOW MANY COMPANIES IN EACH SIZE CATEGORY INCREASED STAFF?

 

DECLINE IN CASH RESERVES

Sixty percent of the companies say they have cash reserves. However, of those companies

 

NEXT YEAR FOR HAWAII’S ECONOMY

400 local business leaders forecast where we’re headed

OPTIMISM INDEX

Will Hawaii’s economy improve, decline or stay the same in the next year?

SPENDING PLANS IN THE COMING YEAR

11%
substantial increase in spending on capital or other items

32%
More cost cutting

52%
No substantial cost cutting and no substantial spending increases

4%
Don’t know

 

OPTIMISTS VS. PESSIMISTS

In the coming year, Hawaii’s economy will:

 

Those who said the local economy would worsen over the coming year were then asked: When will it improve?

2013 - 4% the economy will improve in the following year

2014 - 50% it will not improve for at least two more years

2017, 2018, ? -  44% it will not improve for the next five years

 

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