CEOs Expectations Dampen, Business Roundtable Reports
09/29/2010
"Sales forecasts are down from last quarter, prompting CEOs to remain cautious," said Ivan G. Seidenberg, chairman of Business Roundtable and chairman and CEO of Verizon Communications. "However, they are preparing for future demand by increasing investment in capital."
Sixty-six percent of CEOs surveyed expected company sales to increase in the next six months, compared to 79 percent who said the same during the second quarter survey. And 31 percent expected to hire workers, compared to 39 percent who reported hiring plans in the second quarter. Still, 49 percent expected to increase capital spending in the next six months, compared to 43 percent of CEOs who made such reports in the second quarter.
When questioned about the overall U.S. economy, CEOs said real GDP would grow 1.9 percent in 2010, a significant drop from the 2.7 percent increase they anticipated in the second quarter survey.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024