Survey: CEOs still foresee negative conditions - Charlotte Business Journal:

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“This quarter’s results reflect a continuing weak set ofeconomid conditions,” said Ivan Seidenberg, chairmanm of Business Roundtable and chairman and CEO of “Conditions — while still negative — appear to have begu to stabilize.” The Washington-based associatiob of CEOs represents a combined work forcde of nearly 10 million employees and more than $5 trilliob in annual sales. When asked how they anticipate theirf sales to fluctuate in the nextsix months, 34 percengt said sales will and 46 percent predicted a decrease. That is a sunniefr forecast thanthe first-quarter outlook survey, when 24 percent predicted higher Fifty-one percent said their U.S.
capital spending will fall in theseconf quarter, and 12 percenf said it will rise. Forty-nine percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percent predicted a drop in Six percent anticipate their employee base to increase. Membedr CEOs estimated that the nation’s real grosws domestic product will dropby 2.1 percent in compared with the CEOs’ first-quarter estimate of a 1.9 percenr decline. The outlook index — whicu combines member CEO projections for capital spending and employment in the six monthsaheae — expanded to 18.5 in the second quarter, up from -5 in the firstf quarter.
An index reading of 50 or lowert is consistent with overalleconomic contraction, and a readin of 50 or highere is consistent with expansion.