News release: “The July 2010 NABE Industry Survey report presents the responses of 84 NABE members to a survey conducted between June 11, 2010, and June 29, 2010, on business conditions in their firm or industry, and reflects second-quarter 2010 results and the near-term outlook. [The survey] confirms that the U.S. recovery continued through the second quarter, although at a slower pace than earlier in the year,” said William Strauss, Federal Reserve Bank of Chicago. “Industry demand increased for a fourth consecutive quarter, although at a slower pace. Price and cost pressures were contained, allowing profits to edge higher. The labor market continued to improve, with increases in current hiring and a rise in the percentage of firms planning to add workers over the next six months. Capital spending remained stable over the past year. Credit and debt issues in Europe will likely negatively impact just over a third of the surveyed firms over the next three months.”