Provident Bank’s Annual Economic Outlook Survey Shows Business Optimism Amidst Increases in Capital Spending, Hiring and Tech Investment
Provident Bank's 2025 Economic Outlook survey of 1,000 business owners and leaders reveals strong optimism despite economic challenges. 60% of respondents expect the U.S. economy to improve, while 63% anticipate better business conditions for their companies in 2025.
Key findings show 68% of businesses plan to increase capital spending, and over 50% expect to boost hiring. Notably, 69% of respondents plan to adopt AI tools within the next year, with 29% ready for immediate implementation.
However, significant challenges persist. The top concerns include inflationary pressures (60%), trade tensions and tariffs (51%), and rising consumer and national debt (44%). Business owners specifically worry about employee benefits and costs (46%), inflation impacts (46%), and rising wages (39%). Regarding Federal Reserve rate cuts, 38% of executives are unsure of their impact, while 30% report no positive effects on their business.
Le prospettive economiche del 2025 di Provident Bank rivelano, attraverso un'indagine condotta su 1.000 proprietari e leader aziendali, un forte ottimismo nonostante le sfide economiche. Il 60% degli intervistati si aspetta un miglioramento dell'economia statunitense, mentre il 63% anticipa condizioni aziendali più favorevoli per le proprie aziende nel 2025.
I punti chiave mostrano che il 68% delle imprese prevede di aumentare la spesa per investimenti e oltre il 50% si aspetta di incrementare l'assunzione di personale. È interessante notare che il 69% degli intervistati pianifica di adottare strumenti di intelligenza artificiale entro il prossimo anno, con il 29% pronti per un'implementazione immediata.
Tuttavia, permangono sfide significative. Le principali preoccupazioni includono le pressioni inflazionistiche (il 60%), le tensioni commerciali e i dazi (il 51%), e l'aumento del debito dei consumatori e nazionale (il 44%). I proprietari d'impresa si preoccupano specificamente dei benefici e dei costi per i dipendenti (il 46%), degli effetti dell'inflazione (il 46%), e dell'aumento dei salari (il 39%). Per quanto riguarda i tagli ai tassi della Federal Reserve, il 38% degli dirigenti non è sicuro dell'impatto, mentre il 30% riporta nessun effetto positivo sulla propria attività.
Perspectivas económicas de Provident Bank para 2025 muestra que, tras una encuesta a 1.000 propietarios y líderes de negocios, hay un fuerte optimismo a pesar de los desafíos económicos. El 60% de los encuestados espera que la economía de EE.UU. mejore, mientras que el 63% anticipa mejores condiciones empresariales para sus empresas en 2025.
Los hallazgos clave indican que el 68% de las empresas planea aumentar el gasto de capital y más de el 50% espera incrementar la contratación. Notablemente, el 69% de los encuestados planea adoptar herramientas de inteligencia artificial en el próximo año, con el 29% listos para su implementación inmediata.
No obstante, persisten desafíos significativos. Las principales preocupaciones incluyen las presiones inflacionarias (el 60%), las tensiones comerciales y aranceles (el 51%), y el aumento de la deuda de los consumidores y nacional (el 44%). Los propietarios de negocios se sienten especialmente preocupados por los beneficios y costos de los empleados (el 46%), los impactos de la inflación (el 46%), y el aumento de salarios (el 39%). En cuanto a los recortes de tasas de la Reserva Federal, el 38% de los ejecutivos no están seguros de su impacto, mientras que el 30% reporta ningún efecto positivo en su negocio.
프로비던트 은행의 2025년 경제 전망 조사가 1,000명의 사업주와 리더를 대상으로 실시된 결과, 경제적 어려움에도 불구하고 강한 낙관론이 드러났습니다. 60%의 응답자가 미국 경제가 개선될 것이라고 예상하고, 63%는 2025년에 자사에 더 나은 사업 조건이 있을 것이라고 예상합니다.
주요 발견 사항에 따르면 68%의 기업이 자본 지출을 늘릴 계획이며, 50% 이상이 채용을 늘릴 것으로 예상합니다. 특히, 69%의 응답자가 내년 안에 AI 도구를 도입할 계획이며, 29%는 즉시 구현할 준비가 되어 있습니다.
하지만 상당한 어려움이 여전히 존재합니다. 가장 큰 우려 사항으로는 인플레이션 압박(60%), 무역 긴장 및 관세(51%), 소비자 및 국가 부채 증가(44%)가 있습니다. 사업주는 특히 직원 복리후생 및 비용(46%), 인플레이션 영향(46%), 임금 인상(39%)에 대해 걱정하고 있습니다. 연방준비제도 이사회 금리 인하에 대해서는 38%의 경영진이 그 영향에 대해 확신이 없으며, 30%는 자신의 사업에 긍정적인 효과가 없다고 보고하고 있습니다.
Prévisions économiques 2025 de Provident Bank montre qu'une enquête menée auprès de 1 000 propriétaires et dirigeants d'entreprise révèle un fort optimisme malgré les défis économiques. 60% des répondants s'attendent à une amélioration de l'économie américaine, tandis que 63% anticipent de meilleures conditions commerciales pour leurs entreprises en 2025.
Les principales conclusions indiquent que 68% des entreprises prévoient d'augmenter leurs dépenses d'investissement, et plus de 50% s'attendent à accroître leurs recrutements. Notamment, 69% des répondants prévoient d'adopter des outils d'intelligence artificielle au cours de l'année prochaine, avec 29% prêts pour une mise en œuvre immédiate.
Cependant, des défis importants persistent. Les principales préoccupations incluent les pressions inflationnistes (60%), les tensions commerciales et les tarifs (51%), ainsi que l'augmentation de la dette des consommateurs et nationale (44%). Les chefs d'entreprise s'inquiètent particulièrement des avantages et des coûts des employés (46%), des impacts de l'inflation (46%), et des salaires en hausse (39%). En ce qui concerne les baisse de taux de la Réserve fédérale, 38% des dirigeants sont incertains de leur impact, tandis que 30% rapportent aucun effet positif sur leur entreprise.
Die Wirtschaftsprognose 2025 der Provident Bank zeigt, dass eine Umfrage unter 1.000 Geschäftsinhabern und Führungskräften trotz wirtschaftlicher Herausforderungen zu starkem Optimismus führt. 60% der Befragten erwartet eine Verbesserung der US-Wirtschaft, während 63% bessere Geschäftsbedingungen für ihre Unternehmen im Jahr 2025 antizipieren.
Zu den wichtigsten Ergebnissen gehört, dass 68% der Unternehmen plant, die Investitionsausgaben zu erhöhen, und über 50% erwartet, die Einstellungen zu steigern. Bemerkenswerterweise planen 69% der Befragten, innerhalb des nächsten Jahres KI-Tools zu implementieren, wobei 29% bereit sind, sofort zu starten.
Es bestehen jedoch erhebliche Herausforderungen. Die größten Sorgen sind Inflationsdruck (60%), Handelskonflikte und Zölle (51%) sowie steigende Verbraucher- und Staatsverschuldung (44%). Geschäftsinhaber sind insbesondere besorgt über Mitarbeiterleistungen und -kosten (46%), die Auswirkungen der Inflation (46%) und steigende Löhne (39%). In Bezug auf Zinssenkungen der Federal Reserve sind 38% der Führungskräfte unsicher über deren Auswirkungen, während 30% keine positiven Effekte auf ihr Geschäft berichten.
- None.
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Yet Inflation, Rising Debt and Trade Tensions Remain Top Concerns for 2025
ISELIN, N.J., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, released the results of its 2025 Economic Outlook survey showcasing widespread optimism and confidence from 1,000 business owners and leaders on both the U.S. economic landscape and within their own companies. Specifically, businesses are increasing capital spending, investing in technology (specifically AI), and pointing to a modest increase in hiring. However, when asked about challenges heading into 2025, respondents raised concerns around inflation, tariffs, rising consumer and national debt, employee wages, and more.
Optimism heading into 2025
According to respondents, businesses are optimistic about the U.S. economy and business environment for 2025.
60% of respondents believe the U.S. economy will be in much better or somewhat better shape one year from now.63% of respondents believe their own business will be in much better or somewhat better shape.68% of respondents anticipate a slight or significant increase in capital spending in 2025.- Over
50% of respondents anticipate a slight or significant increase in hiring for 2025, while36% predict no changes in their hiring plans. 69% of respondents are planning to adopt AI tools in their business within the next year, with29% ready to implement them and40% expressing interest but seeking to learn more about AI first.
Challenges remain in the background
At the same time, the data below highlights the need for leaders to prepare carefully to navigate the uncertainties that come with change.
- When asked about challenges to the U.S. economy, the top three shared by respondents are inflationary pressures (
60% ), trade tensions and tariffs (51% ), and rising consumer and national debt (44% ). - Interestingly, while inflationary pressures are top-of-mind, executives are seeing minimal impact from the Federal Reserve's interest rate cuts. When asked if the Fed rate cuts have positively impacted their business,
38% were unsure, and30% said that they haven’t. - For business owners, the top challenges include employee benefits and costs (
46% ), inflation, including the rising costs of energy, fuel, goods, and services (46% ), and rising wages (39% ).
"Our survey of business owners and senior executives reveals a strong sense of optimism for 2025, with a focus on growth and strategic expansion,” said Anthony Labozzetta, President and CEO, Provident Bank. “At Provident, we’re committed to being a trusted partner for our customers, no matter what the economic environment, empowering them with tailored financial solutions to help leverage opportunities and navigate challenges in both the macroeconomic landscape and growth plans within their own business."
The survey was conducted by Pollfish, a market research provider, on behalf of Provident Bank. The findings are based on responses from 1,000 business owners and senior executives in the U.S. working for companies with over
About Provident Bank
Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of
Media Contact:
Provident Bank
Keith Buscio – keith.buscio@provident.bank
Vested – providentbank@fullyvested.com
FAQ
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