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
Your job title (e.g., CFO, Asst. Treasurer, etc):	13

 1 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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

	 	Number	Percent	95% CI
	1=More optimistic	6	15.4 %	± 11.9 %
	0=No change	8	20.5 %	± 13.3 %
	-1=Less optimistic	25	64.1 %	± 15.8 %
	Total	39	100.0 %

	Mean = -0.5
	SD = 0.8

	Missing Cases = 0
	Response Percent = 100.0 %

2 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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 = 90

	Mean = 46.2

	Median = 50

	Standard Deviation (Unbiased Estimate) = 19.5

	95 Percent Confidence Interval Around The Mean = 40.0 - 52.3

4 Groups

	 1 = 40
	 2 = 50
	 3 = 60

Valid Cases =37
Missing Cases =0
Response Percent = 100.0%

3 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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	10	25.6 %	± 14.4 %
	0=No change	12	30.8 %	± 15.2 %
	-1=Less optimistic	17	43.6 %	± 16.3 %
	Total	39	100.0 %

	Mean = -0.2
	SD = 0.8

	Missing Cases = 0
	Response Percent = 100.0 %

4 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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 = 20

	Maximum = 100

	Mean = 60.4

	Median = 50

	Standard Deviation (Unbiased Estimate) = 22.4

	95 Percent Confidence Interval Around The Mean = 53.4 - 67.4

4 Groups

	 1 = 50
	 2 = 50
	 3 = 80

Valid Cases =39
Missing Cases =0
Response Percent = 100.0%

5 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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

Capital spending	6.0	9.8	-0.8 - 12.8	5	-5	25	8

Wages/Salaries	5.8	3.8	2.8 - 8.8	5	0	10	26

Prices of your products	1.2	3.4	0.0 - 2.3	0	-8.5	10	5

Number of domestic full-time employees	-1.6	3.8	-5.0 - 1.8	-3	-5	5	34

Earnings	-3.3	8.9	-6.7 - 0.2	-0.5	-20	15.3	18

Revenue	-4.6	10.0	-9.2 - 0.0	-5	-26	16.8	6

6 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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

Capital spending	6.0	9.8	-0.8 - 12.8	5	-5	25	8

Wages/Salaries	5.8	3.8	2.8 - 8.8	5	0	10	26

Prices of your products	1.2	3.4	0.0 - 2.3	0	-8.5	10	5

Number of domestic full-time employees	-1.6	3.8	-5.0 - 1.8	-3	-5	5	34

Earnings	-3.3	8.9	-6.7 - 0.2	-0.5	-20	15.3	18

Revenue	-4.6	10.0	-9.2 - 0.0	-5	-26	16.8	6

7 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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

(N=39)

	Mean & SD	Positive	Zero	Negative
	  	1	0	-1	
	0.8	5	1	0
Wages/Salaries	0.4	83.3%	16.7%	0.0%

	0.4	5	1	2
Capital spending	0.9	62.5%	12.5%	25.0%

	0.3	12	20	2
Prices of your products	0.6	35.3%	58.8%	5.9%

	-0.1	11	2	13
Earnings	1.0	42.3%	7.7%	50.0%

	-0.4	5	0	13
Revenue	0.9	27.8%	0.0%	72.2%

	-0.6	1	0	4
Number of domestic full-time employees	0.9	20.0%	0.0%	80.0%

8 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

Industry

	 	Number	Percent	95% CI
	Mining/Construction	10	25.6 %	± 14.4 %
	Technology [Software/Hardware/Biotech]	3	7.7 %	± 8.8 %
	Manufacturing	2	5.1 %	± 7.3 %
	Healthcare/Pharmaceutical	2	5.1 %	± 7.3 %
	Banking/Finance/Insurance/Real Estate	1	2.6 %	± 5.2 %
	Retail/Wholesale	0	0.0 %	± 0.0 %
	Agriculture, Forestry, & Fishing	0	0.0 %	± 0.0 %
	Public Administration	0	0.0 %	± 0.0 %
	Communication/Media	0	0.0 %	± 0.0 %
	Transportation & Public Utilities	0	0.0 %	± 0.0 %
	Energy	0	0.0 %	± 0.0 %
	Services, Consulting	0	0.0 %	± 0.0 %
	Other Industry	21	53.8 %	± 16.4 %
	Total	39	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %

9 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

Industry (Other specified)

--- No Response ---

10 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

In what country are you personally located

	 	Number	Percent	95% CI
	Ecuador	39	100.0 %	± 0.0 %
	Total	39	100.0 %

	Missing Cases = 0
	Response Percent = 100.0 %

11 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

 Latin America (Other Specified)

--- No Response ---

12 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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

--- No Response ---

13 

Duke, Global Business Outlook survey - Ecuador - Second Quarter, 2016

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

	 	Number	Percent
	Administrador	5	29.4 %
	GERENCIA	3	17.6 %
	DueÃ±o	2	11.8 %
	GERENTE GENERAL	2	11.8 %
	CONTADOR	1	5.9 %
	CONTADOR GENERAL	1	5.9 %
	GERENTE TECNICO	1	5.9 %
	ASESOR JURIDICO	1	5.9 %
	CFO	1	5.9 %
	Total	17	100.0 %

	Missing Cases = 22
	Response Percent = 43.6 %