- Chinese Death Star: The moon cited as the perfect launch pad for ballistic missiles
- Help wanted: Homeland Security plagued by vacancies at the top
- We are not amused: Queen’s protection officers warned to keep ‘sticky fingers’ off the royal cashews
- Unleash the crossbows: Gov. Scott Walker creates new hunting season
- Bubonic plague kills 20 in Madagascar
- G-20 diplomats fell for hacker attack promising nude photos of former French first lady Carla Bruni
- Minnesota guardsman charged with stealing private soldier data for fake IDs
- Florida appeals court rules universities can’t regulate guns
- Vladimir Putin defends Russian conservative values
- Tea Party Patriots call key GOP firing a declaration of war
U.S. business leaders anticipate modest sales, hiring growth over next 6 months
Question of the Day
Company executives are more optimistic about the business climate over the next six months than they were at the beginning of the year, and plan to increase sales and hiring during that time, a new survey shows.
The Business Roundtable’s second quarter CEO Economic Outlook Survey Index, a report that measures the confidence of member executives, found that CEOs expect the U.S. economy to grow at an annual rate of 2.2 percent over the rest of the year.
The index, which measures sales, capital spending and employment, shot up to its highest level level in a year at 84.3. The higher the number, the higher executives’ expectations. That comes in above last quarter’s reading of 81, and the long-term average of 79.3.
Sales are expected to increase at 78 percent of the Business Roundtable’s member companies, which is up 6 percent from the previous quarter.
Accordingly, CEOs plan to increase hiring at 32 percent of member companies, which is up 3 percent from last quarter.
Overall, capital spending expectations also increased from the previous quarter. Though one percent fewer companies expect to increase spending, the number of companies that plan to decrease spending declined by four percent, balancing out the findings.
“Overall, CEOs see the U.S. economy still on a slow road to recovery,” said Mr. McNerney, who also serves as president, CEO and chairman of Boeing.
This is the study’s 11th year. The study surveyed 141 member CEOs between May 13 and May 31.
© Copyright 2013 The Washington Times, LLC. Click here for reprint permission.
About the Author
Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at firstname.lastname@example.org.
- GM's Barra to be first woman to run top American carmaker
- Treasury sells last shares in 'Government Motors'
- U.S. businesses reach out quickly to partners in Iran
- General Motors ending Chevrolet sales in Europe to focus on Opel and Vauxhall
- 'Momentous day' for in-debt Detroit
Latest Blog Entries
By Matt Kibbe
The short-term deal will assure long-term overspending
- Obama's Afghanistan experts stumped on U.S. death toll, war costs during hearing
- Comma on!: Twitter erupts over Obama-Castro 'marriage'
- NAPOLITANO: A conspiracy so vast
- All-out war breaks out in GOP over budget pact
- Biden guarantees victory on immigration reform
- Obama takes 'selfie' at Mandela's funeral service
- Jane Fonda Foundation fails to make single contribution in 5 years: report
- White House improvises again on patchy Obamacare rollout
- MALCOLM/REIMER: Over-criminalization undermines respect for legal system
- GOP Rep. Tim Murphy rolls out mental health legislation
Independent voices from the The Washington Times Communities
Born in 1930 in rural Missouri, Charles Vandegriffe, Sr., brings his time and place to the Communities.
Columns from Voices around the World talking about the events, people, politics and social issues that concern us wherever, and whoever, we are.
Chef Mary Moran discusses the food we eat, where it comes from and what it does for us.
An informed and often humorous take on the world of advertising, public relations and social media. 100% Pure. Not from concentrate.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow