Monday, January 24, 2011

NABE Survey Indicates Improving Economy; Strongest Reading in 12 Years

Bernanke's manipulated manufactured recovery continues to have its impact.

The quarterly survey by the National Association of Business Economists indicates improving results at many firms.

The survey found that business decisions are now "being driven by the fundamentals of an improving economy," said Shawn DuBravac, an economist with the Consumer Electronics Association who analyzed the findings.

Many results are expressed as Net Rising Index — the percentage of panelists expecting hiring at their firms minus the percentage who expect layoffs.The NRI this time came in at 35, the highest in the 12 years that the question has been asked.

The number of economists who saw hiring by their firms increasing over the next six months was 42 percent, compared with 7 percent who expected to lay off workers.


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