Survey Results Indicate Banks Prepared for Rate Increase
Bankers are predicting growth in Wisconsin's economy over the next six months and steady loan demand in most categories, according to the latest Wisconsin Bankers Association (WBA) Bank CEO Economic Conditions Survey. This is the first prediction for growth by survey respondents since 2014. Fifty-seven percent of bank leaders who responded to the survey said they expect Wisconsin's economy to grow in the first six months of 2017, while 43% believe it will stay the same. This is good news for the state as 75% of respondents rated the economy as good, 24% fair and 1% excellent.
The survey results, collected in December 2016, also indicate optimism with regard to employment, with 39% of respondents saying businesses will be hiring in 2017, compared with 60% who say they'll maintain current staffing levels.
The survey results were released to the media and generated articles in several prominent publications, including UpFront with Mike Gousha, WisBusiness.com, Wisconsin Public Radio, and the Wisconsin State Journal.
Below is a detailed summary of the survey results.
*Statistics are shown as a percentage of total responses.