Survey: Phoenix businesses sharpen focus on efficiency as economic outlook improves


According to Umpqua Bank’s 2023 Business Barometer survey, economic confidence among U.S businesses is growing compared to a year ago. The trend is especially pronounced among businesses in the West, including in Phoenix, the nation’s fifth-largest city and one of the fastest-growing over the past decade in terms of population and economic activity.

Consider these key findings from the survey:

Fifty-seven percent of business respondents in the West rate economic conditions either excellent…

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