CEOs Forecast Increased Sales, Capital Spending, Employment



According to the results of Business Roundtable’s first quarter 2011 CEO economic outlook survey, the CEOs of America’s leading companies anticipate higher sales and plan to increase capital expenditures and employment over the next six months.

The Business Roundtable CEO economic outlook survey index increased to 113 in the first quarter of 2011, up from 101 in the fourth quarter of 2010.

“With today’s survey results, the last three quarters have shown steady improvement in the CEO economic outlook. Our CEOs see momentum in the economy over the next six months, with increased demand fueling greater investment and job creation,” said Ivan G. Seidenberg, chairman of Business Roundtable and chairman and CEO of Verizon Communications. “This shift continues a trend as reflected in recent employment data, with the private sector leading the way in creating more jobs.”

The survey notes in its key findings regarding the overall U.S. economy, member CEOs estimate real GDP will grow by 2.9% in 2011, an increase from the 2.5% expected in the fourth quarter of 2010.

The survey was completed between February 28 and March 18 and responses were received from 142 member CEOs.

To read the full text of the Business Roundtable news release:
click here.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

No tags available

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com