About one-quarter of Orange County executives expect supply shortages to last more than one year, according to a quarterly business expectations survey prepared by California State University, Fullerton, economists led by Anil Puri.
The overall OCBX outlook index for the three-month period that started Jan. 1 increased slightly to 91 from 89.4 in the final quarter of 2021. A reading of above 50 indicates expectations of future growth in the economy.
Other findings among OC executives for the quarterly expectations:
–About 27% of the executives expect supply shortages to last between nine and 12 months.
–64% of the executives expect significant or some growth in their own industry.
–Almost half of firms surveyed intend to increase their labor force.
–Inflation remains the biggest concern for local executives.
–The CSUF survey was conducted from Dec. 14 to Dec. 22.
