Israeli executives have faith in the stock market and expect a moderate appreciation of rates, and report firms are experiencing a certain recovery, but remain skeptical regarding the job market. These were the findings of a survey conducted by Geocartographia in preparation for the Managers Convention of the Israel Management Center, which was held Tuesday at the Wohl Center near Bar-Ilan University.
Some 300 general managers and deputy general managers took part in the survey, of which 47% reported some recovery, 13% significant recovery, and only 14% no recovery at all.
Most respondents (32%) reported that performance in Q4 of 2009 had been slightly better than the last quarter of 2008, and 24% that profits were similar. Only 9% reported lower performance for the last quarter of 2009.
The job market received less optimistic reports. Some 53% of managers are still not recruiting new employees, and even those who had taken on new staff had recruited only an average of five employees in recent months.
Regarding the stock market, 49% of respondents expected moderate appreciation of rates and 33% expected no dramatic change, while only 4% expected depreciation.