The January 2021 NABE Business Conditions Survey from the National Association for Business Economics (NABE) demonstrates increasing optimism about economic growth over the next 12 months. The report, which represents the responses of NABE members on business conditions in their firms or industries and reflects fourth-quarter results and the near-term outlook, reportedly shows profit margins rising at more firms in the fourth quarter of 2020 compared to the previous quarter.
“Results of the January NABE Business Conditions Survey show that conditions continued to improve during the last quarter of 2020 after the collapse experienced during the first half of last year,” says NABE President Manuel Balmaseda, CBE, chief economist, CEMEX. “Momentum has continued to build, and survey respondents seem much more positive about the future today than in October. Furthermore, expectations regarding GDP growth continue to improve, with 69% of respondents expecting growth in inflation-adjusted gross domestic product over the next year of 3.0% or higher, compared to just 59% in the October survey.”
The report also indicates more firms are optimistic about the near-term outlook for employment, as more respondents from all sectors say they expect to add jobs rather than reduce headcount in the near term, according to NABE.
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