NABE: Sales Grow, Employment Picture Less Rosy

Oct. 27, 2020
The October NABE Business Conditions Survey shows that firms are continuing to gain ground since the sharp economic downturn experienced in the first half of the year.

Firms are continuing to gain ground since the sharp economic downturn earlier in the year, according to the October NABE (National Association For Business Economics) Business Conditions Survey. Panelists report more widespread growth in sales and profit margins and expect further gains in the fourth quarter of 2020, and a rise in GDP over the next 12 months.

“Capital spending is also picking up steam, with more firms investing in their businesses over the past three months, and more planning to do the same in the next three months,” says NABE Business Conditions Survey Chair Holly Wade, executive director, NFIB Research Center. “The employment picture is less rosy, with many firms still holding back on wage and staff increases.”

The October 2020 NABE Business Conditions Survey report presents the responses of 92 NABE members to a survey conducted October 2-14, 2020, on business conditions in their firms or industries, and reflects third-quarter 2020 results and the near-term outlook.

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