Trendsetter Barometer® Q3 2016 - Despite lowered expectations, private companies keep spending.
“The economy is resilient enough — business as usual!” That’s how the president of a factory equipment manufacturer put it when we asked him to predict the ultimate impact of the elections. Like most private-company executives, he was taking the long view. So while the election season was the backdrop for our third-quarter survey, the year ahead was the focus of our questions to Trendsetter companies.
Their answers are worth hearing. That’s because what private companies say about their plans and perspectives is a good indication of where the economy as a whole is going, particularly in terms of economic growth, hiring, and wages.
So what should we expect? Tempered payroll increases over the coming months, steady but unspectacular growth, and continued spending. Leave it to private companies to keep a measured outlook even in the headiest of times. No wonder they’re the backbone of the US economy.