Atlanta Business Leaders Optimistic About Economy
Local business leaders are more optimistic about the economy. That’s according to a new survey by audit, tax and advisory services firm KPMG.
More than half of the hundreds of Atlanta area business and finance leaders surveyed say they expect the economy to improve in 2013. KPMG’s managing partner in Atlanta, Bill Kimble, says that’s compared to 42 percent during the last survey.
“So significant improvement there, and we asked them about where they expected their companies revenues to go, and we had 71 percent said they would go higher, so I think that’s very optimistic.”
So what does that mean for hiring? 28 percent of the companies surveyed say they expect to add more workers. That percentage is nearly the same as what companies anticipated last year. But Kimble says the majority of the companies plan to retain their current workforce, with only 15 percent planning layoffs.
“Most CEOs are sitting on a lot of cash, because of the fiscal cliff situation. And when you look at where they’re investing, they’re investing in their companies, so that’s why you see a little bit of uptick in employment.”
Kimble says the fiscal cliff crisis is also causing area businesses to make other internal investments in things like information technology rather than external investments like acquiring businesses.
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