Archived — Survey landscape—August 2013

Canadian business confidence dipped in the spring although North American executives seemed more positive about economic conditions than their counterparts around the globe. Canadian consumers posted mixed results on the state of the economy. In a survey on the use of their personal data, Canadians broadly supported sharing of information across government departments especially for reducing fraud.
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Business Views

Business Confidence

Small business confidence remained low according to the CFIB.Footnote 1

Chart representing trend of small business confidence from January to May 2013
Description of figure
Small business confidence according to CFIB
January 65.7
February 66.2
March 62.9
April 62.4
May 62.1

Footnotes

Footnote 1

Approximately 900 web interviews with CFIB members monthly.

Return to footnote 1 referrer

The Conference Board's quarterly business confidence tracking was on a downward trend.Footnote 2

Chart representing Conference Board's quarterly tracking of business confidence
Description of figure
Conference Board quarterly business confidence
Spring 2012 101.8
Summer 2012 97.8
Fall 2012 92.3
Winter 2012–13 97.5
Spring 2013 91.3

Footnotes

Footnote 2

Sample of around 1,500 organizations; method and date not specified

Return to footnote 2 referrer


C-Suite Survey

KPMG's 30th Quarterly C-Suite survey had some advice for government on a number of economic issues including where to reduce expenses.Footnote 3

Graphic representation a number of economic issues including where to reduce expenses
Description of figure
Biggest challenge facing Canadian economy
empty header cell % Agree with idea
Should be cuts to government spending 84%
Increased stimulus spending on infrastructure 68%
Cuts to taxes 62%
Cuts to health spending 36%

Footnotes

Footnote 3

154 C-Suite interviews, March 2013, telephone interviews

Return to footnote 3 referrer

Most executives favoured more skills training coupled with freer trade to help spur growth.Footnote 4

Graphic representing data from interviews about economic impact with more skill training and wider global trade (in % of impact)
Description of figure
Impact on economy with better skill training and wider global trade
empty header cell % Feel impact would be positive
Invest more in skills training 90%
Free trade with Asia 89%
Free trade with Latin America 88%
Free trade with Europe 78%
Admit more foreign skilled workers 76%
More generous incentives for R & D 76%
Renew infrastructure funding program 74%
Reduce corporate taxes 72%
Reduce personal income taxes 67%

Footnotes

Footnote 4

154 C-Suite interviews, March 2013, telephone interviews

Return to footnote 4 referrer

A number of infrastructure initiatives garnered widespread support, particularly light rail, roads and portsFootnote 5.

Graphic representing support (%) of a number of infrastructure initiatives
Description of figure
Infrastructure Initiative Support
Light rail of subways 90%
Highways and roads 89%
Shipping ports 89%
Customs clearance and access to U.S. 76%
Airports 67%
Security and policing 60%
High-speed intercity rail 57%

Footnotes

Footnote 5

154 C-Suite interviews, March 2013, telephone interviews

Return to footnote 5 referrer


Global Economic Conditions

North American executives were the most positive about economic conditions. However, the views of Eurozone and Asia-Pacific executives were down from those held in March (McKinsey & Company).Footnote 6

Graphic representation of trend (through interviews) towards view of economic conditions in 3 world areas
Description of figure
Global economic conditions over a one-year period
% Conditions are better
empty header cell North America Eurozone Asia-Pacific
June-12 33% 11% 21%
Sept-12 29% 18% 28%
Dec-12 46% 15% 15%
Mar-13 47% 24% 42%
June-13 62% 18% 37%

Footnotes

Footnote 6

2,224 executive interviews, June 2013; method not specified

Return to footnote 6 referrer

In terms of the view over the next six months, executives in North America and Asia-Pacific had similar views whereas those from Eurozone were somewhat less optimistic.Footnote 7

Graphic illustrating executive views of economic conditions over the next six months, in North America, Asia-Pacific and in the Eurozone
Description of figure
Response from interviews regarding actual economic conditions
% Conditions are better
empty header cell North America Eurozone Asia-Pacific
June-12 36% 16% 19%
Sept-12 46% 32% 30%
Dec-12 45% 23% 53%
Mar-13 43% 34% 38%
June-13 45% 32% 42%

Footnotes

Footnote 7

2,224 executive interviews, June 2013, method not specified

Return to footnote 7 referrer

Geopolitical instability tops the list of executives' concerns regarding economic growth.Footnote 8.

Top five risks to global economic growth, next 12 months

Graphic representation of the top five risks to global economic growth, next 12 months
Description of figure
Top five risks to global economic growth, next 12 months
empty header cell % of respondents
Sovereign debt defaults 36%
Low consumer demand 29%
New asset bubbles 21%
Increased economic volatility 38%
Geopolitical instability 51%

Footnotes

Footnote 8

2,224 executive interviews, June 2013; method not specified

Return to footnote 8 referrer

Consumer Views

Consumer Confidence

The Conference Board measurement of consumer confidence turned around in May.Footnote 9

Chart representing Conference Board measurement of consumer confidence
Description of figure
Conference Board measurement of consumer confidence
January 83.0
February 80.8
March 80.5
April 75.6
May 80.7

Footnotes

Footnote 9

2,000 telephone interviews per month.

Return to footnote 9 referrer

TNS' indexFootnote 10 of consumer confidence slipped somewhat in June.

Graphic representing consumer confidence according to the TNS index over a 5-month period
Description of figure
TNS' index of Consumer Confidence
January 99.1
February 95.5
March 96.5
April 94.4
May 97.7
June 96.2

Footnotes

Footnote 10

Around 1,015 telephone interviews per month.

Return to footnote 10 referrer

Economic Conditions

According to Ipsos' Global AdvisorFootnote 11, Canadian consumers remained optimistic about current economic conditions; however, Canadian consumers were less optimistic when it came to the future.

Chart representing online interview data regarding current/near future (6 months) economic conditions in some countries
Description of figure
Current/near future (6 months) economic conditions according to 1,000 interviews
empty header cell Current Economic conditions – % Current economic situation is very/somewhat good) Economy will be stronger in 6 months - % Much/somewhat stronger
Total
(24 countries)
36 23
France  5 3
Great Britain 13 9
Japan 20 16
U.S.A.  31 18
Canada 59 23
China 64 24
Germany 67 38

Footnotes

Footnote 11

Around 1,000 online interviews per country in April 2013

Return to footnote 11 referrer


Personal Data

Consumers trusted the police more than other government departments when it came to handling their personal data according to Angus Reid Public OpinionFootnote 12. Men and women had similar points of view.

Bar chart representing consumer trust when it comes to handling their personal data
Description of figure
Consumer trust when it comes to handling their personal data
% support
empty header cell Total Male Female
Private industry 31 29 32
Municipal government 49 47 50
Federal government 54 55 52
Provincial government 55 56 54
Police forces 63 62 64

Footnotes

Footnote 12

1,015 online interviews in April 2013

Return to footnote 12 referrer

The Pew survey measured consumers' opinions of their economic conditions and compared them to 2007 data. With the exception of Germans, most held a much less positive view of their present economic conditionsFootnote 13.

Economic Conditions Are Good

Economic Conditions Are Good
empty header cell 2007
(in %)
2013
(in %)
Variation
(in %)
Spain 65 4 -61
Britain 69 15 -54
Italy 25 3 -22
France 30 9 -21
Czech Rep. 41 20 -21
Poland 36 27 -9
Germany 63 75 12

Footnotes

Footnote 13

6,646 mostly telephone interviews in March 2013

Return to footnote 13 referrer

In the same survey, Canadians supported the use of their data for things like reducing fraud and sharing information across government departments.Footnote 14

Chart representing percentage of Canadians that support the use of their personal data
Description of figure
Percentage of Canadians that support the use of their personal data
empty header cell % of support
More efficient collection of taxes 71%
Sharing info across government departments 73%
Tools to tailor services to individuals 76%
Reducing fraudulent claims 83%

Footnotes

Footnote 14

1,015 online interviews in April 2013

Return to footnote 14 referrer

View of the EU

The European project is running out of steam according to a Pew Research CenterFootnote 15 survey, notably in France and Spain and, to some extent, even in Germany.

Chart representing favorable views (in %) of the European project / European Union
Description of figure
Favorable views of the European project (%)
empty header cell 2012 2013 Change
Germany 68 60 -8
Britain 45 43 -2
France 60 41 -19
Italy 59 58 -1
Spain 60 46 -14
Greece 37 33 -4
Poland 69 68 -1
Czech Rep. 34 38 4

Footnotes

Footnote 15

7,646 mostly telephone interviews in March, 2013

Return to footnote 15 referrer

Unemployment was the number one economic problem according to European consumersFootnote 16

Chart representing highest economic problems according to European consumers (interviews)
Description of figure
Highest economic problems according to European consumers (interviews)
Economic problem % very big problem
Lack of jobs 78%
Public debt 71%
Rising prices 67%
Rich-poor gap 60%

Footnotes

Footnote 16

7,646 mostly telephone interviews in March 2013

Return to footnote 16 referrer

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