The 3rd quarter 2017 Michiana Benchmark Business Index (BBI), compiled by the certified public accounting firm of Kruggel Lawton CPAs, increased for the second straight quarter. The overall Benchmark Index was 60.98 out of a maximum possible score of 100, up nearly four percent from the 2nd quarter.
Kruggel Lawton conducts this confidential survey of CFOs in for-profit companies in the South Bend region on a quarterly basis. The survey tracks changes in companies’ revenue, profitability, and employment levels compared to the same quarter of the prior year, along with CFOs’ perception of the business outlook for their companies. The CFOs’ input on these four metrics is combined into the overall Benchmark Business Index to provide a barometer of the Michiana-area business climate.
Noteworthy 3rd quarter survey results include:
“The 3rd quarter survey results are consistent with what we see and hear as we serve clients throughout our communities,”said Terry Bush, a director at Kruggel Lawton. “Business conditions remain robust, and many employers continue to grow revenue and seek to add new employees. While company owners and executives are understandably watchful for any signs of a potential downturn, they continue to capitalize on opportunities to invest and grow.”
If you are a CFO in a Michiana area for-profit organization and would like to participate in this survey, please contact Terry Bush at email@example.com or call 574-289-4011.
With offices in South Bend and Elkhart, Indiana, and St. Joseph, Michigan, Kruggel Lawton CPAs is a full-service accounting and business consulting firm offering assurance services, tax consulting, estate planning, business valuation, and business accounting services. Kruggel Lawton also has national and international capabilities as an independent member of the BDO Alliance USA. Learn more at www.klcpas.com.