WASHINGTON (MNI) – The following is the text of highlights from the
Business Roundtable’s first quarter 2010 CEO Economic Outlook Survey:
The CEOs of America’s leading companies anticipate increased
capital expenditures, sales and employment in the next six months,
according to the results of Business Roundtable’s first quarter 2010 CEO
Economic Outlook Survey.
“As the economy recovers and demand returns, we are seeing
across-the-board increases in sales, resulting in increased capital
expenditures, less job reduction and some employment stabilization,”
said Ivan G. Seidenberg, Chairman of Business Roundtable and Chairman
and CEO of Verizon Communications. “This survey shows each category of
economic measurement moving in the right direction.”
In terms of the overall U.S. economy, member CEOs estimate real GDP
will grow by 2.3 percent in 2010.
First Quarter 2010 CEO Economic Outlook Index
The Business Roundtable CEO Economic Outlook Survey’s Index
expanded to 88.9 in the first quarter of 2010, up from 71.5 in the
fourth quarter of 2009, and 44.9 in the third quarter.
The Index is a composite diffusion index that combines member CEO
projections for sales, capital spending and employment in the six months
ahead. The Index is centered on 50, and results can range from negative
50 to positive 150. An Index reading of 50 or lower is consistent with
overall economic contraction and a reading of 50 or higher is consistent
with expansion.
** Market News International Washington Bureau: 202-371-2121 **
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