Global business sentiment has downshifted a bit from the summer, but only a bit. American companies remain upbeat, and there is no indication that their hiring has slowed consistent with the recently weaker employment gains in the United States. Businesses continue to report strong sales, sturdy pricing and solid investment. The recent volatility in global financial markets appears to be weighing on business sentiment, but only modestly. There is no indication from the survey results that businesses are turning decidedly more cautious.