NABE industry survey points to continued economic growth

The National Association for Business Economics released its July industry survey today.  The report presents the responses of 84 NABE members to the survey, conducted between June 11 2010 and June 29 2010, on business conditions in their firm or industry.
The net rising demand index points to continued economic growth, albeit at a slightly more moderate pace in the second quarter.  However, the capital spending and employment indexes strengthened.

The survey noted, “Expectations for economic growth in 2010 remained positive, though expectations declined slightly from the previous quarter. All NABE panelists again indicated business decisions are being made based on expectations for positive economic growth in 2010 (as measured by real GDP); however, only 20% of survey respondents believe real GDP will expand by more than 3% compared with 24% of survey respondents who expected that rate of growth in April. Sixty-seven percent of respondents still believe the economy will expand by more than 2.0% in 2010.”


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