Birmingham business executives report feeling more optimism moving into the fourth quarter of 2020, compared to a summer that saw its lowest drop in eight years, likely due to COVID-19.
Business confidence in the Birmingham-Hoover metro has rebounded to a moderately confident 55.3, rising 10.6 points above the region’s third quarter data and putting the metro on par with statewide confidence, which is at 55.2.
The Birmingham-Hoover business leaders polled in the most recent Alabama Business Confidence Index (ABCI) survey said they are most confident in industry sales (56.9), but the least confident in industry profits (50.6).
According to the ABCI report for this quarter, business confidence across the metro is returning to levels seen in so called “normal” times, where business executives forecast growth with moderate to high confidence.