Survey: Corporate sales to grow


By Dee-Ann Durbin - AP Business Writer



FILE- In this June 20, 2018 photo, a member of a construction team works on the site of Gables Station, a mixed use project featuring apartments, retail, a hotel and cafes, in Coral Gables, Fla. Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. Goods producers — a category that includes manufacturers, farmers and construction — are most optimistic, with 94 percent saying they expect sales to rise over the next three months.  (AP Photo/Lynne Sladky, File)

FILE- In this June 20, 2018 photo, a member of a construction team works on the site of Gables Station, a mixed use project featuring apartments, retail, a hotel and cafes, in Coral Gables, Fla. Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. Goods producers — a category that includes manufacturers, farmers and construction — are most optimistic, with 94 percent saying they expect sales to rise over the next three months. (AP Photo/Lynne Sladky, File)


DETROIT (AP) — Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.

But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax cuts that the Trump administration pushed through Congress have yet to affect their plans for hiring or investment. The administration had promoted its tax cuts, which were heavily tilted toward corporations and wealthy individuals, as likely to raise worker pay and promote corporate investment and expansion over time.

The NABE also said a majority of respondents from goods-producing companies said their companies were delaying investment, raising prices or taking other steps in response to the Trump administration’s trade conflicts with other nations.

The results of the quarterly survey being released Monday reflect responses from 98 of the NABE’s members between June 14 and June 27.

FILE- In this June 20, 2018 photo, a member of a construction team works on the site of Gables Station, a mixed use project featuring apartments, retail, a hotel and cafes, in Coral Gables, Fla. Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. Goods producers — a category that includes manufacturers, farmers and construction — are most optimistic, with 94 percent saying they expect sales to rise over the next three months. (AP Photo/Lynne Sladky, File)
https://www.sidneydailynews.com/wp-content/uploads/sites/47/2018/07/web1_120961711-94fcc279e0bd48d2b4d6cd413c85f64c.jpgFILE- In this June 20, 2018 photo, a member of a construction team works on the site of Gables Station, a mixed use project featuring apartments, retail, a hotel and cafes, in Coral Gables, Fla. Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. Goods producers — a category that includes manufacturers, farmers and construction — are most optimistic, with 94 percent saying they expect sales to rise over the next three months. (AP Photo/Lynne Sladky, File)

By Dee-Ann Durbin

AP Business Writer