Note: This is the fourth installment of the Washington Technology Contractor Confidence Index.
Contractors remain generally upbeat about the market.
Our Index number has dropped to 100.5 for the fourth quarter of 2015 from 101.9 in the previous quarter, but that’s still higher than the 97.3 measured in the second quarter of 2015.
We launched our quarterly index in March 2015 and it began with a baseline of 100. The scores since then have measured the change up or down from that baseline.
Some of the positives to note is that a small percentage – 15.5 percent – expect their company’s revenue to shrink in the next six months and only a few more – 16.1 percent – of the 168 people who took our survey felt that investment would shrink. Another positive sign is that only 19.3 percent expected hiring to slow down in the next six months.
But on a negative note: 24.2 percent are expecting layoffs or other cost cutting in the next few months.
Keep reading this article at: https://washingtontechnology.com/articles/2016/02/08/wt-contractor-confidence-index-quarter-4.aspx
