Alberta Business Confidence Continues to Decline

More than half of businesses report feeling negative about the long-term future of Alberta—a 20-point decline in overall confidence since July.

According to Alberta Chambers of Commerce market research, 33 per cent of businesses reported feeling negative about our province's future in July. By the end of 2019, that number had increased to a staggering 54 per cent, with two in ten businesses reporting feeling "very negative" about the long-term future of Alberta.

"These findings reinforce what we've long known to be true: Alberta job creators are struggling, and they need certainty and support as we navigate these challenging economic times," says Alberta Chambers of Commerce President and CEO Ken Kobly. "These numbers send a strong signal to government that any policies must do no harm to the business community. Otherwise, without new investment or job creation, our economic situation will get a whole lot worse before it gets better."

These findings are part of the Alberta Perspectives market research program—a multi-phase market research initiative conduced by the Strategic Counsel on behalf of the Alberta Chambers of Commerce. Survey one of the program garnered 714 business responses between May and June 2019, while survey two garnered 1,028 business responses between October and November 2019.

The final market research report is available here.

For comment, please contact: Ken Kobly
President and CEO
Alberta Chambers of Commerce
(M) 780.975.1659
(P) 780.425.4180 Ext.5
kkobly@abchamber.ca