Business conditions are improving, but at a modest pace, an industry survey conducted by the National Association for Business Economics shows.
Despite sluggish economic activity and high unemployment, the survey found sy least some signs of mounting price pressures.
Chicago Federal Reserve Bank economist William Strauss, who was chairman of the NABE survey committee, said the group’s January survey “provides new evidence that the U.S. recovery from the Great Recession continues, albeit at a slow pace.”
“Industry demand edged higher from the October 2009 report with an improved view towards growth in 2010,” Strauss said. “While input costs have been increasing, prices have also been moving higher, allowing profits to continue to improve.”
— Market News International