U.S. businesses expect sales to keep growing briskly over the next year, even as payrolls rise much more slowly, according to new data from the Atlanta Fed.
The Atlanta Fed’s Survey of Business Uncertainty showed firms expected sales revenue to rise 5.1 percent over the next 12 months in May, based on the survey’s smoothed index. That was down slightly from April’s 5.3 percent but remained historically strong.
The smoothed indexes are designed to filter out month-to-month survey noise, while the unsmoothed figures show the raw monthly readings.
Expected employment growth was much lower. Firms said they expected employment to rise 1.5 percent…
Read the full article at BREITBART.COM
