Index finds that local businesses have become more confident in the near-term future


unlvbschoolThe Southern Nevada Business Confidence Index, constructed by the Center for Business and Economic Research (CBER) at the University of Nevada, Las Vegas (UNLV), increased by 3.4 percent on a quarterly basis from 130.7 to 135.1 in the first and second quarters of 2016, respectively (Figure 1). The index includes five components: business expectations of (i) general economic conditions in Nevada, (ii) sales, (iii) profits, (iv) hiring, and (v) capital expenditures. The index remains well above 100, which implies that respondents, on average, feel more positive than negative about the five components. Moreover, the index has exceeded 100 for the past five years. All five components also exceeded 100 for the second quarter of 2016 (Figure 2). The index values for business expectations of economic conditions, sales, profits, hiring, and capital expenditures scored 142.7, 146.2, 140.2, 125.4, and 121.0, respectively.

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