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COOPERS & LYBRAND RELEASES RESULTS OF PENNSYLVANIA BUSINESS SURVEY

 COOPERS & LYBRAND RELEASES RESULTS OF PENNSYLVANIA BUSINESS SURVEY
 HARRISBURG, Pa., Sept. 21 /PRNewswire/ -- It's not a resounding chorus of confidence, but Pennsylvania business leaders nonetheless appear optimistic about the state's and their own organizations' economic outlooks, according to a survey by Coopers & Lybrand, the international accounting firm, and the Pennsylvania Chamber of Business and Industry.
 Among nearly 700 Pennsylvania business leaders who responded to the Second Annual Economic Survey, roughly two-thirds reported that last year's sales had grown or remained steady. The remaining one-third indicated sales declined. However, according to last year's results of the same survey, only 60 percent of the respondents had increased or maintained sales while 40 percent had experienced off sales years. Generally, the data provided by the respondents was similar in the eastern, central and western areas of the state.
 Respondents' sales forecasts ran neck and neck from last year to this year. In both year's surveys, about 90 percent predicted expanded or steady sales in the coming year.
 "Considering the uncertainties of a political year and a protracted recession, I would describe the state's business leaders as guardedly optimistic about the commonwealth's economy," said Tom Colligan, managing partner of Coopers & Lybrand's Philadelphia office, who delivered the survey results today at the Sixth Annual Economic Summit at the Hershey Lodge and Convention Center.
 While the surveyed executives held out hope for their own companies' performance, their views of the economic prospects for the communities in which they operate were less optimistic. One half of last year's respondents said
they felt that their communities would grow in the coming year. This year, less than 40 percent of the respondents had faith in the growth of their communities in the coming year.
 The executives' views of the workforce were virtually unchanged from 1991 to 1992. About 20 percent of the respondents envision expanding their workforce. Sixteen percent will eliminate personnel and 61 percent will maintain current staffing levels.
 Respondents of the survey represented manufacturing services, wholesale trade, construction, utilities, finance, insurance, real estate, retail, mining and agriculture industry sectors. The major issues they felt were affecting the state's businesses were, in order of priority, workers' compensation, taxes and health care.
 Coopers & Lybrand, the co-sponsor of the Second Annual Economic Survey, is one of the world's leading accounting, tax and consulting firms. It offers its clients the expertise of more than 17,000 professionals and staff in 100 U.S. offices and more than 67,000 people in 121 countries worldwide.
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 /CONTACT: Adrian Ornik, 215-963-8714, or Jamie Holt, 215-963-8206, both of Coopers & Lybrand/ CO: Coopers & Lybrand; Pennsylvania Chamber of Business and Industry. ST: Pennsylvania IN: FIN SU: ECO


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Date:Sep 21, 1992
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