Businesses Expect to Increase Hiring and Capital Spending in First Half 2010

U.S. businesses plan to increase hiring and capital spending in the first half of this year, according to a survey released by The National Association for Business Economics (NABE).

“NABE’s January 2010 Industry Survey provides new evidence that the U.S. recovery from the Great Recession continues, albeit at a slow pace,” said William Strauss, Federal Reserve Bank of Chicago. “Industry demand edged higher from the October 2009 report with an improved view towards growth in 2010. While input costs have been increasing, prices have also been moving higher, allowing profits to continue to improve. Job losses have been moderating with a slightly improved outlook for hiring over the next six months. Capital spending has continued to improve from very low readings following the start of the financial crisis. Improving credit conditions might be part of the explanation, with many respondents indicating that credit still remains tight but less so than in recent months.”


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http://www.mhia.org/news/industry/9432/businesses-expect-to-increase-hiring-and-capital-spending-in-first-half-2010