Article: Bay Area Business Executives Confirm Downturn, Also See Regional Economy Improving Over Next Six months.

Business/News Editors

SAN FRANCISCO--(BUSINESS WIRE)--Aug. 15, 2002

Companies Boosting Productivity In Down Time By

Dipping Into the Bay Area Talent Pool

While a majority of Bay Area CEOs and business executives report in the quarterly Bay Area Business Confidence Survey that regional economic conditions are worse than they were six months ago, more than forty percent of surveyed business executives expect the Bay Area's economy to improve over the next six months. The survey's Bay Area Business Confidence Index registered a 16 point drop -- from 64 in April 2002 to 48 in July 2002 -- in its quarterly tracking of business confidence in ...

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