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Santa Clara University's Business Index Finds Silicon Valley Business Remains Cautious; Majority of Respondents Say Gov. Schwarzenegger's Budget Is Positive for Their Businesses.
AScribe Business & Economics News Service, February, 2005
Byline: Santa Clara University
SANTA CLARA, Calif., Feb. 1 (AScribe Newswire) -- Business sentiment showed little movement in January 2005, according to the latest Santa Clara University Business Index (SCUBI) released today by Leavey School of Business at Santa Clara University, marking a near-plateau of sentiment over the last six months.
Survey participants don't see anything on the horizon that would signal increased sales or profitability, say SCU business school faculty who conduct the monthly survey.
"Overall, new capital spending will continue to grow in the economy at a rate that is comparable to 2004. However, no surge is expected in the tech sector this year, and semiconductor capital equipment spending will cool off from last...
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