Despite concerns about the effect of lower oil prices and a shortage of skilled workers in the area, Capital Region plant managers remain optimistic about production, spending and hiring at the plants over the next six months. That’s according to the Greater Baton Rouge Industry Alliance’s latest quarterly survey of its 57 members in the petrochemical, energy, paper, pharmaceutical, pipeline and storage terminal industries across the eight-parish region.
Based on survey responses, GBRIA compiles an index score for the region in its outlook, similar to the index reported by CEOs of The Business Roundtable. The current GBRIA index is 72, which reflects an expanding economy. The index ranges from negative 50 to 150, with any reading above 50 reflecting an expansion of the local economy and any reading below 50 as evidence of economic contraction.
Daily Report has the full story.
