The bump in optimism that we saw following the election of President Donald Trump has all but disappeared in our latest Washington Technology Contractor Confidence Index.
The Index has fallen more than 10 points since January. It now stands at 102.2 for the third quarter, compared to the 112.9 we saw at the end of the second quarter.
This drop puts the Confidence Index near the same range it was during the Obama administration, where we saw it at 100 and just below that mark.
Our quarterly Contractor Confidence Index is based on a survey measuring the sentiment of the market. Each quarter we ask the same set of questions around expectations such as hiring, growth and job satisfaction. The results are used to create an index number that lets us track the ups and downs in the market.
Keep reading this article at: https://washingtontechnology.com/articles/2017/09/28/3rd-quarter-wt-confidence-index.aspx