Table of Contents

1a. Are you more or less optimistic about your country's economy compared to last quarter?	1
1b. Rate your optimism about your country's economy on a scale from 0-100, with 0 being the least
optimistic and 100 being the most optimistic.	2
2a. Are you more or less optimistic about the financial prospects for your own company compared to last
quarter?	3
2b. Rate your optimism about the financial prospects for your own company on a scale from 0-100, with 0
being the least optimistic and 100 being the most optimistic.	4
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the
next 12 months?   [Unweighted - Winsorized]	5
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the
next 12 months? (e.g., +3%, -2%, etc.) [Winsorized]	6
3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the
next 12 months for:   [Unweighted - Sorted]	7
Industry	8
In what country are you personally located	10
If your company headquarters is another country, please indicate which country.	13
Ownership	14
Foreign Sales	15
In what region of the world are most of your foreign sales?	16
Your job title (e.g., CFO, Asst. Treasurer, etc):	17

 1 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

1a. Are you more or less optimistic about your country's economy compared to last quarter?

	 	Number	Percent	95% CI
	1=More optimistic	32	22.7 %	± 7.0 %
	0=No change	37	26.2 %	± 7.4 %
	-1=Less optimistic	72	51.1 %	± 8.4 %
	Total	141	100.0 %

	Mean = -0.28
	SD = 0.81

	Missing Cases = 0
	Response Percent = 100.0 %

2 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

1b. Rate your optimism about your country's economy on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

	Minimum = 0

	Maximum = 95

	Mean = 49.9

	Median = 50

	Standard Deviation (Unbiased Estimate) = 20.8

	95 Percent Confidence Interval Around The Mean = 46.5 - 53.3

4 Groups

	 1 = 40
	 2 = 50
	 3 = 60

Valid Cases =141
Missing Cases =0
Response Percent = 100.0%

3 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

2a. Are you more or less optimistic about the financial prospects for your own company compared to last quarter?

	 	Number	Percent	95% CI
	1=More optimistic	62	44.0 %	± 8.3 %
	0=No change	39	27.7 %	± 7.5 %
	-1=Less optimistic	40	28.4 %	± 7.5 %
	Total	141	100.0 %

	Mean = 0.16
	SD = 0.84

	Missing Cases = 0
	Response Percent = 100.0 %

4 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

2b. Rate your optimism about the financial prospects for your own company on a scale from 0-100, with 0 being the least optimistic and 100 being the most optimistic.

	Minimum = 0

	Maximum = 100

	Mean = 57.0

	Median = 60

	Standard Deviation (Unbiased Estimate) = 23.0

	95 Percent Confidence Interval Around The Mean = 53.2 - 60.8

4 Groups

	 1 = 50
	 2 = 60
	 3 = 75

Valid Cases =141
Missing Cases =0
Response Percent = 100.0%

5 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months?   [Unweighted - Winsorized] 

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

Revenue	12.09	15.15	8.68 - 15.50	6	-10	53.56	128

Capital spending	2.85	6.47	1.72 - 3.97	0	-5	27.04	127

Wages/Salaries	2.56	4.44	1.79 - 3.32	1	-15	22.56	129

Prices of your products	2.30	7.82	0.93 - 3.66	0	-22.90	27.48	126

Earnings	2.21	15.38	-0.47 - 4.88	0	-38.20	44.14	76

Number of domestic full-time employees	1.68	6.63	0.54 - 2.83	0	-24.80	30.33	128

6 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months? (e.g., +3%, -2%, etc.) [Winsorized]

	Mean	SD	95% CI	Median	Minimum	Maximum	Total

Revenue	12.09	15.15	8.68 - 15.50	6	-10	53.56	128

Capital spending	2.85	6.47	1.72 - 3.97	0	-5	27.04	127

Wages/Salaries	2.56	4.44	1.79 - 3.32	1	-15	22.56	129

Prices of your products	2.30	7.82	0.93 - 3.66	0	-22.90	27.48	126

Earnings	2.21	15.38	-0.47 - 4.88	0	-38.20	44.14	76

Number of domestic full-time employees	1.68	6.63	0.54 - 2.83	0	-24.80	30.33	128

7 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

3. Relative to the previous 12 months, what will be your company's PERCENTAGE CHANGE during the next 12 months for:   [Unweighted - Sorted]

(N=141)

	Mean & SD	Positive	Zero	Negative
	  	1	0	-1	
	0.97	125	2	1
Wages/Salaries	0.22	97.7%	1.6%	0.8%

	0.92	73	0	3
Revenue	0.39	96.1%	0.0%	3.9%

	0.30	40	87	1
Capital spending	0.48	31.3%	68.0%	0.8%

Number of domestic full-time	0.26	36	90	3
employees	0.49	27.9%	69.8%	2.3%

	0.22	36	82	8
Prices of your products	0.55	28.6%	65.1%	6.3%

	0.20	53	46	28
Earnings	0.78	41.7%	36.2%	22.0%

8 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

Industry

	 	Number	Percent	95% CI
	Manufacturing	29	20.7 %	± 6.8 %
	Healthcare/Pharmaceutical	25	17.9 %	± 6.4 %
	Mining/Construction	20	14.3 %	± 5.8 %
	Agriculture, Forestry, & Fishing	10	7.1 %	± 4.3 %
	Technology [Software/Hardware/Biotech]	6	4.3 %	± 3.4 %
	Banking/Finance/Insurance/Real Estate	3	2.1 %	± 2.4 %
	Services, Consulting	3	2.1 %	± 2.4 %
	Energy	0	0.0 %	± 0.0 %
	Public Administration	0	0.0 %	± 0.0 %
	Transportation & Public Utilities	0	0.0 %	± 0.0 %
	Technology [Semiconductor related]	0	0.0 %	± 0.0 %
	Communication/Media	0	0.0 %	± 0.0 %
	Retail/Wholesale	0	0.0 %	± 0.0 %
	Other Industry	44	31.4 %	± 7.7 %
	Total	140	100.0 %

	Missing Cases = 1
	Response Percent = 99.3 %

9 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

Industry (Other specified)

--- No Response ---

10 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

In what country are you personally located

	 	Number	Percent	95% CI
	Ecuador	141	100.0 %	± 0.0 %
	Antigua	0	0.0 %	± 0.0 %
	Aruba	0	0.0 %	± 0.0 %
	Bahamas	0	0.0 %	± 0.0 %
	Argentina	0	0.0 %	± 0.0 %
	Barbuda	0	0.0 %	± 0.0 %
	Belize	0	0.0 %	± 0.0 %
	Bolivia	0	0.0 %	± 0.0 %
	Brazil	0	0.0 %	± 0.0 %
	Caicos Islands	0	0.0 %	± 0.0 %
	Cayman Islands	0	0.0 %	± 0.0 %
	Chile	0	0.0 %	± 0.0 %
	Colombia	0	0.0 %	± 0.0 %
	Costa Rica	0	0.0 %	± 0.0 %
	Cuba	0	0.0 %	± 0.0 %
	Dominica	0	0.0 %	± 0.0 %
	Dominican Republic	0	0.0 %	± 0.0 %
	Barbados	0	0.0 %	± 0.0 %
	El Salvador	0	0.0 %	± 0.0 %
	French Guiana	0	0.0 %	± 0.0 %
	Grenada	0	0.0 %	± 0.0 %
	Grenadines	0	0.0 %	± 0.0 %
	Guadeloupe	0	0.0 %	± 0.0 %
	Guatemala	0	0.0 %	± 0.0 %
	Guyana	0	0.0 %	± 0.0 %
	Haiti	0	0.0 %	± 0.0 %
	Honduras	0	0.0 %	± 0.0 %
	Jamaica	0	0.0 %	± 0.0 %
	Martinique	0	0.0 %	± 0.0 %
	Mexico	0	0.0 %	± 0.0 %
	Nevis	0	0.0 %	± 0.0 %
	Nicaragua	0	0.0 %	± 0.0 %
	Panama	0	0.0 %	± 0.0 %
	Paraguay	0	0.0 %	± 0.0 %
	Peru	0	0.0 %	± 0.0 %
	Puerto Rico	0	0.0 %	± 0.0 %
	Saint Barthélemy	0	0.0 %	± 0.0 %
	St. Kitts	0	0.0 %	± 0.0 %
	St. Lucia	0	0.0 %	± 0.0 %
	St. Vincent	0	0.0 %	± 0.0 %
	Suriname	0	0.0 %	± 0.0 %
	Tobago	0	0.0 %	± 0.0 %
	Trinidad	0	0.0 %	± 0.0 %
	Turks	0	0.0 %	± 0.0 %
	Uruguay	0	0.0 %	± 0.0 %
	Venezuela	0	0.0 %	± 0.0 %
	Virgin Islands	0	0.0 %	± 0.0 %
	Africa	0	0.0 %	± 0.0 %
	Asia	0	0.0 %	± 0.0 %
	Australia	0	0.0 %	± 0.0 %
	Canada	0	0.0 %	± 0.0 %
	Europe	0	0.0 %	± 0.0 %

11 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

In what country are you personally located

	 	Number	Percent	95% CI
	Latin America	0	0.0 %	± 0.0 %
	United States	0	0.0 %	± 0.0 %
	Other	0	0.0 %	± 0.0 %
	Total	141	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %

12 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

Headquarters Latin America (Other Specified)

--- No Response ---

13 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

If your company headquarters is another country, please indicate which country.

Canada	

14 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

Ownership

	 	Number	Percent	95% CI
	Private	70	73.7 %	± 8.4 %
	Public	24	25.3 %	± 6.3 %
	Nonprofit	1	1.1 %	± 1.4 %
	Government	0	0.0 %	± 0.0 %
	Total	95	100.0 %

	Missing Cases = 46
	Response Percent = 67.4 %

15 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

Foreign Sales

	 	Number	Percent	95% CI
	0%	121	87.1 %	± 5.8 %
	1-24%	10	7.2 %	± 4.3 %
	25-50%	8	5.8 %	± 3.9 %
	More than 50%	0	0.0 %	± 0.0 %
	Total	139	100.0 %

	Missing Cases = 2
	Response Percent = 98.6 %

16 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

In what region of the world are most of your foreign sales?

	 	Number	Percent	95% CI
	Latin America	3	100.0 %	± 38.9 %
	Africa	0	0.0 %	± 0.0 %
	Europe	0	0.0 %	± 0.0 %
	Asia/Pacific Basin	0	0.0 %	± 0.0 %
	US/Canada	0	0.0 %	± 0.0 %
	Total	3	100.0 %

	Missing Cases = 15
	Response Percent = 16.7 %

17 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

Your job title (e.g., CFO, Asst. Treasurer, etc):

	 	Number	Percent
	Gerente General	21	14.9 %
	Asistente Contable	14	9.9 %
	Contadora	12	8.5 %
	Dueno	9	6.4 %
	Asistente de Gerencia	8	5.7 %
	Asistente Administrativo	7	5.0 %
	Gerente	5	3.5 %
	Jefe Administrativo	4	2.8 %
	Jefe de Planta	3	2.1 %
	Auxiliar Contable	3	2.1 %
	Contador	3	2.1 %
	Gerente Financiero	3	2.1 %
	Contador General	2	1.4 %
	Gerente Propietartio	2	1.4 %
	Administrador	2	1.4 %
	Administrativo	2	1.4 %
	Facturacion	2	1.4 %
	CEO	1	0.7 %
	Jefe de Produccion	1	0.7 %
	Director Financiero	1	0.7 %
	Jefe de Rec. Humanos	1	0.7 %
	Contabilidad	1	0.7 %
	GERENTE GENERAL	1	0.7 %
	Subcontador	1	0.7 %
	Asistente de Coordinacion	1	0.7 %
	Asistente de Produccion	1	0.7 %
	Recursos Humanos	1	0.7 %
	Departamento Contable	1	0.7 %
	Gerente de Produccion	1	0.7 %
	Gerente de Desarrollo	1	0.7 %
	Jefe de Operaciones	1	0.7 %
	Asistente Comercial	1	0.7 %
	Jefe Comercial	1	0.7 %
	Asistente Financiero	1	0.7 %
	contralor	1	0.7 %
	Jefe Financiero	1	0.7 %
	Analista Financiero	1	0.7 %
	Administradora	1	0.7 %
	Gerente de Proyectos	1	0.7 %
	Gerente de Mercadeo	1	0.7 %
	Asesor de Gerencia General	1	0.7 %
	Gerente Comercial	1	0.7 %
	Asistente de Proyectos	1	0.7 %
	Presidente	1	0.7 %
	Representante de Ventas	1	0.7 %
	Coordinadora Administrativa	1	0.7 %
	Asistente de Facturacion y Cobranzas	1	0.7 %
	Produccion	1	0.7 %
	Auxiliar Auditora	1	0.7 %
	Gerente de Ventas	1	0.7 %
	Supervisora	1	0.7 %
	Auxiliar de Gerencia	1	0.7 %

18 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2015

Your job title (e.g., CFO, Asst. Treasurer, etc):

	 	Number	Percent
	Asistente Auxiliar Contable	1	0.7 %
	Gerente Propietario	1	0.7 %
	Ventas	1	0.7 %
	Analista de Gerencia	1	0.7 %
	Total	141	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %