|
|
Article: Santa Clara University: Sharp Drop in Business Confidence in Silicon Valley; But Santa Clara University Business Index Finds No Increase in Outsourcing by Area Businesses.
- Article from:
- Business Wire
- Article date:
- September 3, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SANTA CLARA, Calif. -- A monthly survey of business leaders by the Santa Clara University Business Index (SCUBI) found a sharp drop in business confidence in Silicon Valley in August.
The Santa Clara University Business Index forward outlook dropped sharply in August confirming a declining trend in business confidence that began in the first quarter of this year.
All components of the forward looking index, expectations of business conditions for the company and its customers, as well as employment conditions reflected pessimism. The backward indicator, which measures managers opinions of current business conditions relative to six months ago, dropped ...