Survey: CEOs still foresee negative conditions – Phoenix Business Journal:

“This quarter’s results reflect a continuing weak set ofeconomic conditions,” said Ivan chairman of Business Roundtable and chairman and CEO of “Conditiond — while still negative — appear to have begun to The Washington-based association of CEOs represents a combined work force of nearly 10 million employeesz and more than $5 trillion in annual When asked how they anticipate their saleds to fluctuate in the next six 34 percent said sales will increase, and 46 percent predicted a decrease. That is a sunnie forecast thanthe first-quarter outlook survey, when 24 percenrt predicted higher sales. Fifty-one percent said their U.S.
capital spending will fall in thesecondd quarter, and 12 percent said it will Forty-nine percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 perceng predicted a drop in employment. Six percen anticipate their employee base to Member CEOs estimated thatthe nation’s real gros s domestic product will drop by 2.1 percent in 2009, compared with the first-quarter estimate of a 1.9 percent The outlook index which combines member CEO projections for sales, capital spending and employmengt in the six months aheae — expanded to 18.
5 in the seconxd quarter, up from -5 in the first An index reading of 50 or lower is consistent with overalk economic contraction, and a reading of 50 or higheer is consistent with expansion.
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