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Surveys Show Economic Optimism

Landscape contractors appear to have a favorable economic outlook for their businesses according to results from the Landscape Contractor Design/Build/Maintain annual survey.

The economy has been in a negative state for years as businesses close or implement staff reductions. Hopes for recovery one month are often dashed the next month as the economic swoon continues.

Respondents to the annual Landscape Contractor Design/Build/Maintain survey have a more favorable view of the economy as relates to their businesses. Fifty eight percent of the survey respondents believe their businesses will grow in 2012, with almost 11 percent of that group predicting growth of at least 26 percent over 2011.

The LC/DBM survey also shows that 43 percent of the respondents reported business growth in 2011.The bulk of the respondents to the LC/DBM survey are from small businesses, as 70 percent said they were at companies with one to 10 employees.

Landscape architects from around the country are also expressing optimism about the economy and their firms' fortunes for 2012, according to a survey conducted by Landscape Architect and Specifier News magazine.

A majority of the survey respondents said they their firm's revenues stayed the same in 2011 from 2010. Almost 22 percent said their firm's revenues decreased 10 to 25 percent in 2011 from the previous year, while another 11 percent of the respondents said their firm's revenues decreased by more than 25 percent. Approximately 13 percent of the respondents reported revenue increases at their firms.

As for 2012, 49 percent of the respondents expect their firms' revenues to stay at 2011 totals, but 23 percent expect to see growth of 1- to 25 percent. Another three percent of respondents expect their firms' revenues to increase by more than 25 percent in 2012. Thirteen percent of the respondents are predicting revenue decreases for their firms in 2012..

The breakdown of gross annual revenues in 2010 reported by the survey respondents proved interesting as 23 percent of the respondents had revenues of less than $100,000. On the other end of the spectrum, 20 percent of the respondents were at firms with more than $10 million in revenue. Twelve percent of the respondents said their firms made between $1 million - $4 million; 11 percent said their firms' revenues were between $100,000 - $400,000; 10 percent reported revenues of $400,000 - $1 million; and seven percent said their firms' earnings were between $4 million - $10 million.

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December 10, 2019, 6:59 pm PDT

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