BUSINESS OUTLOOK SURVEY RESULTS
Feature
Looking Back
SUMMARY Similar to 2021 and 2022, a majority of sales from reporting firms were to customers within Rochester and Minnesota. While most experienced stable or increasing sales last year, a third of firms experienced declining sales for 2023. Top concerns shared by respondents included access to capital and supply chain distruptions.
CHANGE IN SALES 2023
35%
33%
30%
25%
24%
22%
20%
15%
11%
11%
10%
5%
0%
Decreased more than 25%
Decreased 5- 25%
Mostly unchanged
Increased 5-25%
Increased more than 25%
2022 RESPONSE 2021 RESPONSE
10%
18%
24%
33% 15%
13%
16%
17%
34% 20%
APRIL 2024 — ROCHESTER AREA CHAMBER OF COMMERCE ADVANTAGE MAGAZINE | 15
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