Wisconsin Bank CEOs Rate Wisconsin's Current Economic Health as "Excellent" or "Good"

Saturday, December 10th, 2022 -- 9:01 AM

In the Wisconsin Bankers Association's biannual Economic Conditions Survey of Wisconsin bank CEOs, three quarters of respondents rated Wisconsin’s current economic health as “excellent” or “good.”

This continues a trend from the mid-year 2022 survey, when 71% of survey respondents gave “excellent” or “good” ratings. None of the Wisconsin bank CEOs who completed the most recent survey foresee major economic improvement in the first half of 2023, 28% predict that the economy will stay the same and 72% predict it will weaken in the next six months.

Among the economic bright spots cited by CEOs in the survey were high employment, continued spending by consumers, the housing market, and business growth, particularly in manufacturing, agriculture, and service/tourism.

Top economic concerns reported by bank CEOs were inflation, the likelihood of recession, rising interest rates/slowed loan growth/reduced ability of borrowers to repay loans, business staffing, cybersecurity/fraud, and inability to access childcare.

The end-of-year 2022 survey was conducted November 15–30 with 71 respondents. Sums may not equal 100 percent due to rounding.

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