WASHINGTON (MNI) – The following is the text of highlights from the
Business Roundtable’s second quarter 2011 CEO Economic Outlook Survey
published Tuesday:
The CEOs of America’s largest companies anticipate higher sales and
plan to increase capital expenditures and hire more workers over the
next six months, according to the results of Business Roundtable’s
second quarter 2011 CEO Economic Outlook Survey.
“Fully 87% of our CEOs anticipate higher sales,” said Ivan G.
Seidenberg, Chairman of Business Roundtable and Chairman and CEO of
Verizon Communications. “As a result, more than half of our CEOs plan to
increase both capital spending and U.S. hiring. This continues a
positive trend for our companies’ activity heading into the second half
of 2011.”
…
In terms of the overall U.S. economy, member CEOs estimate real GDP
will grow by 2.8 percent in 2011, a slight decrease from the 2.9 percent
projected in the first quarter of 2011.
…
Second Quarter 2011 CEO Economic Outlook Survey Index
The Business Roundtable CEO Economic Outlook Survey Index decreased
slightly to 109.9 in the second quarter of 2011, from 113 in the first
quarter of 2011.
** Market News International Washington Bureau: 202-371-2121 **
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