Business Outlook Survey—Fourth Quarter of 2023 https://www.bankofcanada.ca/?p=236467 Balance of opinion daily 2021Q4 daily 2022Q1 daily 2022Q2 daily 2022Q4 daily 2023Q1 daily 2023Q2 daily 2023Q3 daily 2023Q4 daily Yes (%) Past Sales Declines - Did the overall level of your sales volume decline over the past 12 months, compared with the previous 12 months? quarterly Shares of firms reporting credit hard to access quarterly Credit conditions quarterly Streamline production, reduce average costs, improve productivity quarterly Increase output, expand operations quarterly Replace or repair equipment quarterly Greater than normal daily About the same as normal daily Less than normal daily Balance of opinion daily Historical average daily Intensity of labour shortages quarterly No change quarterly Somewhat lower quarterly Significantly lower quarterly Somewhat higher quarterly Significantly higher quarterly Average expected wage increase quarterly Historical average: average expected wage increase quarterly BOS, 2-year estimate daily BLP, 1-year-ahead daily BLP, 2-year-ahead daily BLP, 5-year-ahead daily 21 22 25 17 12 23 17 9 16 19 17 23 23 18 18 18 20 19 24 34 31 59 52 54 53 37 27 18 27 16 14 18 24 14 22 22 31 21 35 30 27 24 25 26 20 24 25 26 22 31 28 27 3119-2 1814-1 16153 2410-4 23189 1519-5 1812-1 181411 263.033.219-740595216381132919 263.233.220-631525013381212920 313.003.216-539495922441212618 283.223.20-33346582537654211 322.793.20-841465518441043013 471.453.23419422971-41389112912 542.153.219-13375062-1947782315 533.313.20-13514950-435833123 442.553.20-16465553-143513417 2.30 464.023.20-133956513027215119 2.80 264.373.20-125063596424325021 3.10 64.803.2024556497417214535 4.403.262.59 3.844.443.222.65 155.163.2065355556230304325 4.723.362.84 3.89 105.843.25.373.642.6210163855576628304426 5.143.282.56 4.785.453.362.5160 184.923.25.583.472.645429125243524438342728 5.563.392.6352 4.264.953.132.5454 234.663.24.772.952.453920274447572541743712 4.663.072.3134 4.184.683.142.4936 164.673.24.282.862.39382210355856-303781467 4.633.232.7333 3.894.142.892.5734 234.483.23.792.742.66321930425352-23381323513 3.882.952.6429 3.533.792.762.4527 324.303.23.482.842.65262426284059-4650662811 3.832.812.5325 3.293.432.732.5022 394.103.23.702.602.40182829424058-44461422413 3.502.802.6011 3.173.402.702.509 1139394041404052 5660615759544550 1923183229334145 6452484443383534 59102119182427 5044432825201813 48.3049.662.04 44.1349.166.70 43.2454.052.70 37.2156.406.40 30.1762.936.90 29.5365.774.70 27.2166.786.01 26.5767.905.54 12-0.67 12-0.67 -1-0.67 2-0.67 -17-0.67 -11-0.67 -18-0.67 -16-0.67 -10-0.67 -2-10.96 -1-10.96 -11-10.96 -8-10.96 -16-10.96 -11-10.96 -10-10.96 -7-10.96 -13-10.96