Mildly Confident Expansionary Forecast for Q2 2024
- April 16th, 2024
Reports for the Q2 2024 Alabama Business Confidence Index Now Available
The Alabama Business Confidence Index (ABCI) grew by 4.8 points to reach a mildly confident expansionary index of 54.1 in the Q2 2024 survey. All six component indexes saw increases from their Q1 2024 levels, though the magnitude varied from fairly low increase (2.2 points) to a large leap (9.6 points). Business leaders are forecasting second quarter growth with mild to strong confidence for all of the industry component indexes and the Alabama economy. The only negative index for the quarter is the US outlook, which has been contractionary since Q1 2022.
View the ABCI homepage for more details on the specific components of the statewide ABCI forecast which are also broken down by industry and firm size; or view individual metro reports for Birmingham-Hoover, Huntsville, Mobile, Montgomery, and Huntsville. Historical reports are available for download from the ABCI archive.