A common and interesting theme running throughout many of the surveys out there: Executives and even employees are more optimistic, and some companies are even reporting an increase in orders, but they are still reluctant to commit to capital spending plans, or to rehire or build their employment again. In fact, I had to check the dates of these survey releases more than once to make sure I wasn't looking at data from 6-9 months ago. It goes to what the [email protected] article I cited in a blog earlier this week said – it could be a "jobless recovery," a different flavor of recovery than others in recent memory.
Gain seen in the organization's key confidence index attributed mostly to improved expectations for future business conditions and real sales volumes.
Hiring plans hit all-time low in this survey's history.