Sunday, August 29, 2010

Survey: CEOs still foresee negative conditions - Phoenix Business Journal:

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“This quarter’s results reflect a continuingv weak set ofeconomic conditions,” said Ivan chairman of Business Roundtable and chairman and CEO of “Conditions – while still negative appear to have begun to The D.C.-based association of CEOs represent a combines workforce of nearly 10 million employee and more than $5 trillion in annualp sales. When asked how they anticipate their sales to fluctuatew in the nextsix months, 34 percent said they will increaser while 46 percent predicterd a decrease. That is a sunnier forecast over the firsft quarteroutlook survey, when just 24 percenr predicted an increase in In terms of how their U.S.
capital spending will change overthat time, 12 percenf foresee it going up, while 51 percent see it decreasing. Few (6 expect their U.S. employment to increase in the next six while 49 percent anticipate theirr employee base to contract in That shows an improvement from the first quartertoutlook survey, when 71 percent predicted a drop in In terms of the overall U.S. member CEOs estimate real GDP will dropby 2.1 percent in down from the CEOs’ estimate of a 1.9 percen t decline in the first quarte r of 2009. The outlooki index -- which combines member CEO projectionafor sales, capital spending and employment in the six monthsz ahead -- expanded to 18.
5 in the seconfd quarter, up from negative 5.0 in the first An index reading of 50 or lower is consisten t with overall economic contraction and a reading of 50 or highetr is consistent with expansion.

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