U.S. businesses expect sales to grow at the fastest pace in more than four years, signaling that demand remains strong even after accounting for anticipated price increases.
Businesses surveyed by the Federal Reserve Bank of Atlanta in August expect sales revenue to rise 5.8 percent over the next four quarters, up from 5.1 percent in July, according to data released Wednesday.
The survey’s smoothed measure of expected sales growth rose to 5.7 percent, the highest since June 2022 and well above its average of 4.5 percent since late 2016. The measure has remained above five percent for nine consecutive months.
Because the survey measures sales…
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