The Financial Times reports that "confidence among large US employers has surged in the past three months, as an accelerating vaccine rollout and Joe Biden’s $1.9 trillion stimulus package boosted companies’ willingness to hire and invest.
"A quarterly poll of chief executives by the Business Roundtable, Washington’s leading big-business lobby group, reported a 21-point jump in its economic outlook index since December. The index’s reading of 107 was far above both the 50-point level that indicates growth and the historical average of 82."
It was, according to Josh Bolten, CEO of the Business Roundtable, "among the sharpest and quickest recoveries in optimism in the history of our survey."
According to the FT story, "The advance in the BRT survey came on the heels of other reports showing confidence rising across US industry. The National Association of Manufacturers reported on Tuesday that optimism among its members had jumped in the past quarter from 74 per cent to 88 per cent - its highest rate in two years."