In the survey, conducted between Aug. 24 and Sept. 4, 2009, 84 business owners or managers responded with the results compiled and analyzed by UOG PCEI economist Maria Claret Ruane
The survey showed that overall, the majority (53 percent to 72 percent) of the business respondents indicated that they met or exceeded last year’s expectations in capital expenditure, employment, sales, inventory and profits.
In addition, a majority of the businesses surveyed hold positive or neutral expectations for their company’s performance in the next 12 months, leaving only 8 percent to 19 percent who hold negative expectations on how their businesses will perform.
When respondents were asked about their prospects in the industry in which they operate, more than 84 percent of them have positive or neutral expectations and only 16 percent of the businesses had negative prospects for their industry in the next 12 months.
Larger businesses and those that engage in federal contracting appear to be more positive than smaller businesses and those that do not engage in federal contracting.
The survey results also show strongly positive prospects for the Guam economy in the next 12 months.
The majority (59 percent) of all 76 businesses who responded expect that the Guam economy in the next 12 months will be better than it currently is while 25 percent expect it to remain the same.
Only less than 15 percent have a negative prospect for the Guam economy in the next 12 months.
