Intuit survey suggests economic recovery is nigh
Mon Oct 26, 2009 5:10PM EDT
See Comments (16)
Can it be that we're almost out of the woods, economically speaking?
Intuit's latest quarterly survey of 1,000 of its customers suggests that hiring activity may finally be turning around, with 44 percent of respondents saying they plan to hire new staff in the next 12 months. That's not a rousing battle cry for the economy, but it's far from the horror show we've been suffering through for as long as I can remember (which, to be honest, is not very long).
Other points in the survey are arguably even brighter.
To wit: 82 percent of those surveyed say "they see opportunities for their business despite the current economic climate" and 60 percent "expect their business to grow in the next 12 months."
On the other hand, 56 percent of business owners "say the recession will last for another two years or more," so pessimism certainly seems to be running rampant.
Additional data points on the survey are available here [PDF link].
So, all you small business folk out there, what do you think? Is the light at the end of the tunnel actually growing bright enough for genuine optimism? Or is this just a case of wishful thinking en masse?
I say enough with the doom and gloom: Let's kick this recession to the curb, folks. The future is yours!
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Comments on Intuit survey suggests economic recovery is nigh
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2 Posted by magpagbst on Mon Oct 26, 2009 5:58PM EDT Report Abuse
it will be difficult to "kick this recession to the curb" with the government maintaining it's current unprecedented spending spree . . . it will be difficult for any (size) business to predict hiring trends not knowing what their tax hit is going to be . . . the government has to pay for its spending somehow . . . europe started to pull out of its recession earlier this year . . . primarily due to the fact that they resisted the deficit spending that the US's current administration encouraged them to partake in . . .
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3 Posted by gemfem67 on Mon Oct 26, 2009 7:28PM EDT Report Abuse
I own a small mfg business. This is a temporary reprieve - at best. The problem with any business survey is that it NEVER takes into account closed companies that don't respond. So while those LEFT may be ok, those that are already dead aren't. With the coming mandates & expenses coming out of Washington, any "recovery" will never make it down to middle class. Great time to be poor and lazy in America, wonder how Intel thinks this will play out for long-term operations.
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4 Posted by jeff_brenner on Mon Oct 26, 2009 8:08PM EDT Report Abuse
Perhaps Null should be renamed No-Op. Hyping a completely non-scientific survey as indicative of what? Perhaps Mr. No-Op suggests buying into the stock market today as well? The download of this column is a waste of electrons. I wish I could tag my browser to ignore content by this columnist.
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5 Posted by avideo4u on Mon Oct 26, 2009 8:18PM EDT Report Abuse
Maybe the better solution is to kick Obama and the Federal Reserve to the curb!
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1 Posted by jimsvoboda on Mon Oct 26, 2009 5:39PM EDT Report Abuse
I'm with you. See recession. Kick recession's ass curbside! It would be helpful if the government tabled all the talk of new tax, fee and "mandate" burdens on business and sidelined what remains of the stimulus boondoggle that's adding bazillions (not a CBO-endorsed figure) to the deficit.