Businesses have remained upbeat all year, particularly in the U.S. This seem incongruous with slower growth and suggests that the recent slowdown will prove temporary. Businesses remain steadfast in their optimism over sales, investment and hiring. Credit is also freely flowing. Pricing is sturdy, despite heightened deflation concerns in much of the world, and sales are healthy. The only lackluster responses are with respect to assessments of present conditions, but expectations regarding the economy’s prospects later this year remain strong.