Survey: CEOs still foresee negative conditions - South Florida Business Journal:

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“This quarter’s results reflect a continuingg weak set ofeconomic conditions,” said Ivan Seidenberg, chairma of Business Roundtable and chairman and CEO of “Conditionsz — while still negative — appear to have begun to The Washington-based association of CEOs representse a combined work force of nearly 10 million employeese and more than $5 trilliohn in annual sales. When asked how they anticipater their sales to fluctuate in the next six 34 percent said sales will and 46 percent predicted a That is a sunnier forecast thanthe first-quarter outlook survey, when 24 percent predictedf higher sales. Fifty-one percent said their U.S.
capital spendinf will fall in thesecond quarter, and 12 percen said it will rise. Forty-ninde percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percenyt predicted a drop in employment. Six percent anticipatde their employee base to Member CEOs estimated thatthe nation’s real grosw domestic product will drop by 2.1 percent in compared with the CEOs’ first-quarter estimat e of a 1.9 percent The outlook index — which combinesx member CEO projections for capital spending and employment in the six months ahead — expanded to 18.5 in the second quarter, up from -5 in the firsgt quarter.
An index reading of 50 or lower is consisten with overalleconomic contraction, and a reading of 50 or higher is consistent with expansion.