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US Industries More Upbeat On Economic Prospects: Survey

The US industrial firms have turned increasingly optimistic about the economy's growth prospects, the latest survey by the National Association for Business Economics (NABE) showed Monday.

Almost two-thirds of panelists in the April survey forecast that real GDP will grow between 2.1 percent and 3 percent from the fourth quarter of 2011 to the fourth quarter of 2012. The view is consistent with the trend seen in the January survey.

In the current survey, 15 percent of the respondents forecast real GDP growth to exceed 3 percent, compared to 5 percent who held this view in January.

The survey result also suggested greater stability in prices. Nearly all respondents expect that non-labor input prices will remain unchanged or rise by 5 percent or less.

by RTTNews Staff Writer

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