By Dan
Adkins
About 56 percent of the
surveyed businesses foresee an increase in sales in 2001, compared with 69 percent who
anticipated sales increases when they were surveyed last fall.
|
Nov.
10, 2000 – (Lexington, Ky.) – Kentucky
businesses are less optimistic about sales in the next year, suggesting the state’s
economic growth rate may slow down, according to a survey by the University of
Kentucky’s Center for Business and Economic Research. About
56 percent of the surveyed businesses foresee an increase in sales in 2001, compared with
69 percent who anticipated sales increases when they were surveyed last fall, the Fall
2000 Kentucky Business Confidence Survey shows. The
survey also found that sales in 2000 had not reached last year’s expectations,
increasing in only about 50 percent of the businesses.
“These
figures suggest that the Kentucky economy’s growth rate could begin to slow,”
according to the survey published in the Fall 2000 Kentucky Business and Economic Outlook. The newsletter is published by the center, which
is housed in the UK Gatton College of Business and Economics.
Kentucky
businesses with more than 100 employees were more optimistic about the upcoming year. More than 70 percent expect sales to rise, the
survey shows.
Meanwhile,
businesses located within the “urban triangle” – the counties between
Cincinnati, Louisville and Lexington – reflect expectations similar to those of the
entire state. Nearly 59 percent expect sales
to increase. Among urban-triangle large
businesses, nearly 70 percent anticipate higher sales.
The
report was based on 341 responses from businesses across the state, with 141 of those
coming from firms employing more than 100 people.
The
Fall 2000 Kentucky Business and Economic Outlook is available on the Web at
gatton.uky.edu/cber/html/beo41.htm.
|
