Citizens Business Conditions Index™ moderates from Q1 peak
Citizens announced today that the national Citizens Business Conditions Index (CBCI) dropped to 52.9 in the second quarter of 2022, down from its eight-year peak of 59.5 at the end of the first quarter, but extending its streak to seven straight quarters above 50, indicating continued growth conditions for businesses.
- Citizens announced today that the national Citizens Business Conditions Index (CBCI) dropped to 52.9 in the second quarter of 2022, down from its eight-year peak of 59.5 at the end of the first quarter, but extending its streak to seven straight quarters above 50, indicating continued growth conditions for businesses.
- Three of five components of the Index were additive in the second quarter, another sign of moderating activity after five-of-five were positive in Q1.
- The Index draws from public information and proprietary corporate data to establish a unique view of business conditions across the country.
- An index value greater than 50 indicates expansion and points to positive business activity for the next quarter.