The latest monthly Business Barometer results from the Canadian Federation of Independent Business’ (CFIB) show Alberta’s small business confidence index fell by 1.8 points in July, following a near 20 point increase between January and June.
“While small business owners have been more optimistic in the last several months, their confidence has clearly stalled out,” said Keyli Kosiorek, Alberta policy analyst for CFIB. “In order to continue an upward trend, the provincial government must continue to focus on policies for economic growth, job creation, and supporting small business.”
The Business Barometer for Alberta sits at 57.2 points. July showed the first decline after five consecutive months of increases, putting the provincial index just below the national indicator (57.8 points).
The CFIB explained that the 65 to 75 point range (on the 100 point scale) indicates the economy is healthy and growing at its potential.
The report also said entrepreneurs’ intentions to hire over the next three months saw a chill as 13 per cent of business owners in July said they plan to increase their full-time employment (down three points from June), compared to 24 per cent who anticipate a decrease (up five points from June).
The July numbers across Canada were: Prince Edward Island (67.0), Quebec (67.0), Nova Scotia (62.5), New Brunswick (61.2), Manitoba (60.1), Alberta (57.2), Ontario (56.0), Saskatchewan (54.3), British Columbia (53.3), and Newfoundland & Labrador (50.0).