The third quarter 2021 Michiana Benchmark Business Index, compiled by the certified public accounting and consulting firm of Kruggel Lawton CPAs, rose again to another record high level. The third quarter Benchmark Index was 78.72 out of a maximum possible score of 100, an increase of 8% from the prior quarter results. This follows Benchmark Index increases of 21% and 10% in preceding two quarters.
Kruggel Lawton launched this survey after the 4th quarter of 2010, in the wake of the Great Recession. This is a confidential quarterly survey of CFOs in for-profit companies in the South Bend/Elkhart and southwest Michigan region. The survey tracks changes in companies’ revenue, profitability, and employment levels compared to the same quarter in the prior year, along with CFOs’ optimism about the business outlook for their companies. Participating CFOs’ input on these four metrics is combined into the overall Benchmark Business Index to provide a barometer of the regional business climate. Noteworthy third quarter results include:
“The third quarter survey results continue to indicate a robust and apparently strengthening business environment in our region at this time,” said Terry Bush, a director at Kruggel Lawton CPAs. “Without question, supply chain challenges and shortages of available employees are concerns for many companies. However, CFOs’ optimism in their companies’ outlook does not appear to be adversely affected by these headwinds.”
Overall Results through 3rd Quarter 2021
Detailed Results Since Inception of Survey