RELO
Regina Executive Leadership Outlook
APRIL 2021
Executive Confidence Index 3.0
Confidence Index Index Average
2.60 2.39
2.5
2.50 2.32
2.0
2.13
2.16
2.21
2.21 2.04
2.09
2.13
2020 Q3
2020 Q4
2.24
1.89 1.5
1.0
2018 Q1
2018 Q2
2018 Q3
2018 Q4
2019 Q1
2019 Q2
2019 Q3
2020 Q1
2020 Q2
2021 APR
The RELO confidence index, based on a rating out of 3, is a composite snapshot score to help us quickly understand the future hiring intentions, investments, sales, and profitability of executive leaders across our city. The dramatic rise in the Q2 Confidence Index reflects growing optimism as the economy reopens.
Economic Overview Next 12 months (expected) 80%
73.0
70%
Worse Increased Stayed the same
60% 50% 40% 30%
18.9 20%
8.1
10% 0%
2018 Q1
2018 Q2
2018 Q3
2018 Q4
2019 Q1
2019 Q2
2019 Q3
2020 Q1
2020 Q2
2020 Q3
2020 Q4
Nearly three quarters of business leaders expect Regina’s economy to improve over the next 12 months. Leaders are expressing optimism that the worst is behind us when it comes to Covid and that businesses expect to begin the work of recovery over the next year.
2021 APR
ABOUT THIS REPORT Economic Development Regina (EDR), in partnership with Praxis Consulting (Praxis), began a quarterly publication entitled, “Regina Executive Leadership Outlook” in September 2014 that captures the thought leadership of senior business leaders in the Greater Regina Area (GRA) on key issues facing Regina and surrounding areas. The survey is distributed to a list of approximately 90 senior business leaders. The survey has a standard component entitled “The Economic Outlook.”
This is a set of static questions asked each quarter that inform a unique Executive Confidence Index. This index is used to measure how confident executives are in Regina’s overall economy across each quarter. To view previous reports, click here. For more information, contact: Chris Bonk, Communications Senior Manager, Economic Development Regina ( P: 306-565-6388) or Valerie Sluth, CEO, Praxis Consulting ( P: 306-545-3755) .
Number of people your firm employs Past 12 months (actual)
Decreased
Increased
Stayed the same
Next 12 months (expected)
80%
80%
70%
70%
60%
53%
60%
50%
50%
40%
40%
25%
30% 20%
22%
10%
47% 47%
30% 20%
6%
10%
0%
0% 2019 Q1
2019 Q2
2019 Q3
2020 Q1
2020 Q2
2020 Q3
2020 Q4
2019 Q1
2021 APR
Sales Revenue
Decreased
Past 12 months (actual)
2019 Q2
2019 Q3
Increased
2020 Q1
2020 Q2
2020 Q3
2020 Q4
2021 APR
Stayed the same
Next 12 months (expected)
80%
80%
70%
70%
60%
60%
50%
39%
70%
50% 40%
40%
39%
30% 20%
22%
28%
30% 20%
3%
10%
10%
0%
0% 2019 Q1
2019 Q2
2019 Q3
2020 Q1
2020 Q2
2020 Q3
2020 Q4
2019 Q1
2021 APR
Profitability
Decreased
Past 12 months (actual)
2019 Q2
2019 Q3
Increased
2020 Q1
2020 Q2
2020 Q3
2020 Q4
2021 APR
Stayed the same
Next 12 months (expected)
80%
80%
70%
70%
60%
60%
50%
53%
50%
36%
40%
33%
30%
31%
20% 10%
40%
42%
30% 20%
6%
10%
0%
0% 2019 Q1
2019 Q2
2019 Q3
2020 Q1
2020 Q2
2020 Q3
2020 Q4
2021 APR
2019 Q1
2019 Q2
2019 Q3
2020 Q1
2020 Q2
2020 Q3
2020 Q4
2021 APR