CPA firm survey sees business recovery by yearend.According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a national survey of top executives of 250 manufacturing companies with annual sales between $10 million and $500 million conducted in May by Grant Thornton Thornton, city (1990 pop. 55,031), Adams co., NE Colo., a residential and industrial suburb of Denver; inc. 1956. Industries include oil and gas development and the production of computer graphics systems, wood products, coffee and tea, building components, infant , 88% believe the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. is in a recession, compared with 67% in a similar survey conducted in December 1990. However, of those who believe that a recession exists, 59% think it will end in 1991, with another 35% expecting the recession to continue beyond yearend. Manufacturers of electronic components, industrial and construction machinery and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and generally look for a quick end to the recession, while automotive manufacturers and primary metal fabricators are less optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about an end to the recession in the current year. Only 19% of those polled expect an increase in inflation in 1991, down from 39% last December. Another 64% look for a stable inflation rate, compared with 46% in December, with 15% projecting a decline in inflation, up from 13% in December 1990. |
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