As we've been doing throughout the Covid-19 pandemic, we have been sharing results from Federal Reserve Bank of Philadelphia surveys. These surveys have been collecting data on the effects of Covid-19 and businesses since March 2020. According to their most recent survey results, taken in November, there seems to be little to no change since October (see graphs below ).
(see https://www.philadelphiafed.org/surveys-and-data/regional-economic-analysis/covid-19-business-outlook-survey for other survey and data results)
With the resent closures and restrictions put onto businesses, since this last survey, it will be interesting to see if December's survey results will show a significant drop in sales. Hence, "The calm before the storm".
Do you think these survey results correctly reflect your company and what you're seeing within your business? Are you preparing for an upcoming "storm"? Do you already feel like your trying to stay afloat and survive?
Turning Point Advisory Group is here to throw out a lifeline and help you do what is best for your company.
Comments