Businesses are spending more to stay afloat while economic optimism drops: Q2 NABE survey

A National Association of Business Economics (NABE) survey for July 2022 shows the U.S. economy is slowly moving but is struggling to gain traction as the coronavirus pandemic teases a resurgence.

While nearly half of the respondents reported rising sales for the second quarter of 2022, the figure is a 14-point drop from those who reported rising sales in April 2022.

"The results of the July 2022 NABE Business Conditions Survey show indications of a slowing U.S. economy," said NABE Vice President Julia Coronado. "A majority of surveyed firms still reports rising sales, but...