UOG spearheads Business Confidence Survey

by Heather Hauswirth

Guam - The University of Guam's Pacific Center for Economic Initiative is spearheading the 3rd Semiannual Business Confidence Survey.  It seeks to take the pulse of the business community in order to better forecast Guam's future economy.

The survey is designed for business owners and managers to evaluate their business performance over the last year from capital expenditure to employment, sales, inventory and profits.  It also seeks to forecast the next 12 months of performance.

Dr. Claret Ruane says they are hoping to survey as many businesses as they can, telling KUAM News, "The idea is we want to get the pulse of the business community and see if they were to look back 12 months ago how their business performed in different aspects and we also ask them to look 12 months ahead how their businesses will perform and how they expect their industry and the overall Guam economy to perform."

The surveys are due before April 30. Businesses can find the survey here.