CEOs have the Blues About Business Prospects
The Business Roundtable’s latest quarterly survey finds 24% of CEOs expecting to cut jobs over the next six months (up from Q2’s 11%). The number expecting company sales to rise is down to 65% from 87%. The number forecasting higher capital spending went from 61% down to 32%.
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Business Roundtable’s third quarter 2011 CEO Economic Outlook Survey results display a decrease over the next six months from strong first- and second-quarter levels in anticipated sales, capital expenditures and employment.
Jim McNerney, Chairman of Business Roundtable and Chairman, President and CEO of The Boeing Company, says, “The findings of this survey show declines in each category of economic measurement. While we see strong business fundamentals in America still, the quarterly survey results reflect increased uncertainty among CEOs concerning the economic climate and business environment.”