Opening Word document…
Declining biz con means econ decline
Stephenson 23 Kristen. Senior Vice President, Research and Analytics at Greater Phoenix Economic Council, “Exploring the effects of the Business Confidence Index on the economy.” 11/28/23 https://www.linkedin.com/pulse/exploring-effects-business-confidence-index-economy-stephenson-cecd-aejzc#:~:text=The%20business%20confidence%20index%20allows,turning%20points%20in%20economic%20activity. Accessed 6/29/24 NHS BG
The business confidence index allows us to track output growth and can be used to anticipate turning points in economic activity. A lower business confidence index for example can indicate that businesses anticipate pulling back on production or orders of goods in the near future, which in turn will slow down the economy.
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