- SCU Home Page
- About SCU
- On Campus
- News & Info
University Press Releases
Silicon Valley business outlook still positive in spite of dip in SCU Business Index
Monday, May. 2, 2005
SANTA CLARA, Calif. – May 2, 2005 – Silicon Valley’s business sentiment is holding steady at a ‘mildly optimistic’ level, in spite of a second month of sentiment decline, said a team of Santa Clara University business school faculty who conduct a monthly survey of business leaders in the Bay Area.
“The overall index is hovering around a nine-month mean,” said Mario Belotti, W. M. Keck Professor of Economics at the Leavey School of Business. Belotti said that “although the survey numbers slid for the second month in a row, the sentiment remains on the positive side of the scale.” Valley optimism was higher a year ago, he observed. “Last spring we had a new bipartisan spirit in
The index of current economic conditions fell slightly from last month, from 57.00 to 54.92, remaining in the region above the neutral 50 mark. SCU faculty said this indicates respondents felt business conditions for their companies (and that of their customers) were somewhat better than they were six months ago.
In addition, survey participants also anticipated that business in the next six months will be better than current conditions, with the forward-looking index standing at 58.17, about the same levels reported since August 2004.
Participants were also asked about rising oil prices and the dollar’s weakness, and the impact of these market factors on their businesses next year. The faculty team indicated concern over oil prices as a bigger factor in business planning, with the dollar’s weakness having a neutral or even positive impact, reflecting
Since February 2002, the SCU Business Index (SCUBI) has asked managers and executives in a wide range of businesses in
Media : Mario Belotti is available to comment on survey results and on business conditions in
This monthly business indicator, the only one of its kind for the
About the Leavey
The Leavey School of Business at
Santa Clara University, a comprehensive Jesuit, Catholic university located in California’s Silicon Valley, offers its 8,213 students rigorous undergraduate curricula in arts and sciences, business, and engineering, plus master’s and law degrees. Distinguished nationally by the second-highest graduation rate among all