The vast majority of U.S. industry leaders say
Seventy-five percent of respondents to the
Five percent said they expected business conditions to improve.
The numbers add up to more than 100 percent due to rounding.
Goods producers were the largest group, at 83 percent, expecting no change to their "planning/expectations regarding business conditions," while finance, insurance and real estate was the smallest group, at 70 percent seeing no change.
Transportation, utilities, information and communications was the second largest group expecting no change, at 80 percent, while the services sector came in at 71 percent expecting no change.
The FIRE sector was the largest group, at 25 percent, predicting the law would hurt business conditions, followed by TUIC at 20 percent, services at 19 percent and goods producers at 17 percent.
Services was the largest group, at 10 percent, expecting business conditions to improve, followed by FIRE, at 5 percent. No respondents from TUIC or goods-producing industries said they expected business-condition improvements from the law.
Twenty percent of FIRE respondents said they expected to shift toward more part-time and fewer full-time employees and an additional 5 percent of FIRE respondents said they expected to shift toward fewer part-time and full-time employees.
Fifteen percent of services respondents and 8 percent of goods producers said they expected to shift toward fewer part-time and full-time employees.
On the overall economy, 69 percent said they expected the inflation-adjusted gross domestic product, or the total value of goods and services produced in
The GDP is the single most comprehensive indicator of the economy's health.
Federal Reserve Chairman
Sustained 3 percent growth is seen by many economists as a game-changing positive sign.
"Three percent's the magic number,"
NABE surveyed 64 members
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