Economists' Outlook: Slight Improvement in 2012

Originally published by: Builder OnlineOctober 24, 2011

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Taken together, business economists view of the outlook for businesses, jobs, demand, growth, and investment, is more good than more bad, unless things turn worse. If you've got a problem with that indecisiveness, then maybe find other economists to talk to. the National Association of Business Economics' monthly outlook for October notes that growth remains the baseline scenario, according to Shawn DuBravac, chief economist for the Consumer Electronics Association. DuBravac says, “The breadth of industry sales growth narrowed in October, but there are still significantly more firms reporting rising sales than declining sales. Expectations for economic growth decelerated, but 97 percent of firms still expect positive economic growth in 2011.

The European crisis has negatively impacted firms’ sales in 2011, but more firms are reporting increased profitability in the quarter. The survey indicates companies are still building for an improving future. The number of firms adding employees dropped in October, but there are still more firms looking to add jobs than to cut them. Capital spending also increased for a ninth consecutive quarter. Despite a narrowing of positive indicators, the majority of respondents remain cautiously confident." Read More ...

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