August 26, 2019

State Chamber Update

The August member survey of the National Association of Business Economists (NABE) found that most now believe an economic recession “will occur later than anticipated when the February policy survey was conducted,” said NABE President, Constance Hunter, chief economist at KPMG. “Respondent attitudes towards current fiscal policy have shifted significantly as well,” continued Hunter. “The percentage of panelists who find current fiscal policy ‘too stimulative’ has declined from 71% in August 2018 to 51% in the current survey. Just over one-third consider fiscal policy ‘about right,’ and 8% find it ‘too restrictive.’” To review the survey, charts, graphs and analysis, click here.

In Delaware news, The News Journal released its 2019 Top Workplaces list over the weekend. More than half the list was comprised of Chamber members. Congratulations to all the organizations that made the cut. We've linked to the list in the news section below.

News You can Use

We’ll see a wide range of economic data this week. We start early today with durable goods order data for July, followed by the Case-Schiller home price index results for June. On Thursday we’ll learn about pending home sales numbers for July, and close the week on Friday with personal income, consumer spending, core inflation figures for July, and more.  

Michael J. Quaranta

President

Delaware State Chamber of Commerce

The Central Delaware Chamber of Commerce is the leading resource essential to business growth in Central Delaware!

The CDCC exists to advance the balanced economic development of Central Delaware by promoting civic, industrial, commercial, agri-business and social interests of the community, and by strengthening the freedom of private business to operate competitively for profit with minimal governmental regulation.