Small Business Startup News
Business Sector Reporting Increased Optimism And Demand
Written by Jenna Weiner
A report from the National Association of Business Economics is reporting that demand is up for the sixth consecutive quarter.
According to recent news for small business owners, the economy is strengthening as the recovery gains speed.
A survey, released Monday, from the National Association of Business Economics is reporting that during the last three months of 2010, industry demand increased for the sixth consecutive quarter, with 55 percent of survey respondents reporting rising demand versus 12 percent reporting falling demand.
Additionally, these increases coincide with a significantly improved economic outlook. Sixty-two percent of respondents are planning for 2 to 3 percent GDP growth this year.
"The number of firms expressing positive hiring plans is at a level not seen in over a decade - a sign of improving labor market dynamics. Supporting these hiring plans, industry demand continues to move higher, and profit margins are expanding," said Shawn DuBravac of the Consumer Electronics Association.
Despite the survey's inclusion of both small and large businesses, 2011 is forecast to be a much more profitable year, as banks begin lending at a more vigorous pace and consumer optimism continues to grow.
Share this article
About Our Small Business News
If you enjoyed this article, you can find plenty more like it on our site. We cover important news stories for entrepreneurs. In addition to breaking news for entrepreneurs, we also have tons of helpful articles that cover topics like writing a business plan, preparing a marketing plan, getting publicity and much more.
Additional Resources for Entrepreneurs