Tag Archives: Business Roundtable

CEOs predict increased hiring and sales

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America’s CEOs are slightly more optimistic about the economy over the next six moths, according to a Business Roundtable survey released today.
The chief executives of leading companies expect increased sales and capital expenditures as well as more job creation compared to the third quarter.
The Business Roundtable CEO Economic Outlook Index increased to 84.5 from 79.1,  with expectations for 2014 GDP growth at 2.2 percent, in line with the previous two quarters.
“CEO expectations for economic expansion in the next six months increased slightly from last quarter, with expectations for sales, capital investment and hiring all tracking somewhat higher,” Jim McNerney, chairman of Business Roundtable, and chairman, president and CEO of The Boeing Co. said in a news release.
“In aggregate, our expectations are consistent with an economy that will continue along the path of steady, modest recovery into the first half of 2014.  These soundings are also consistent with an overall economy that, despite progress, is not yet performing at its full potential.”
Seventy-three percent of the executives surveyed said they expect their company’s sales to increase in the next six months, while only 8 percent foresee a sales decrease.
Thirty-nine percent said they will increase capital spending and 34 percent plan to increase hiring.
Click here for complete results of the Roundtable survey.

Is today the day for a debt ceiling deal?

With calls growing for Congress and the President to put aside politics, will the Washington politicians finally reach agreement on the debt ceiling controversy?

I doubt it. Look for a few more days of political theater. The deadline is still a couple weeks away, after all.

Eventually the pols will act. It’s hard for them to ignore political self-interest, but they have to do what’s best for the country, right?

Will they?

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My merit badge is missing

In case you missed it, here’s a link to my column in the business section of Sunday’s Knoxville News Sentinel.

In a nutshell, the column asserts that the economy remains painfully slow, but it is creating jobs and isn’t as bad as some on the far right suggest.

Not all readers shared my point of view, but thanks to all who took the time to post a comment.

Some readers posted a few questions that I will attempt to answer.

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America’s CEOs positive about economy

Despite the sky-is-falling attitude from the far right, America’s top CEOs remain optimistic about the economy.

A substantial majority of the top executives of America’s largest companies expect higher sales in the second half of the year. And, most of the CEOs’ companies plan to increase capital expenditures and hire more workers in the next six months.

Don’t take my word for it, check out the Business Roundtable’s second quarter 2011 CEO Economic Outlook Survey that was released today.

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Big Business finally decides to hire not hoard

Corporate America has decided it’s time to invest in the future and quit hoarding profits.

Many of the top companies in the country plan to increase capital spending and create jobs in the coming months, according to the most recent Business Roundtable’s First Quarter CEO Economic Outlook Survey.

Roundtable CEOs expect the gross domestic product to grow 2.9 percent this year, up from the 2.5 percent expected in the fourth quarter last year, the business group said in a statement released Wednesday.

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