WASHINGTON (MNI) – The following is the text of highlights from the
Business Roundtable’s third quarter 2010 CEO Economic Outlook Survey
published Tuesday:
The CEOs of America’s leading companies plan increased capital
spending over the next six months, but have lower sales and employment
expectations, according to the results of Business Roundtable’s third
quarter 2010 CEO Economic Outlook Survey.
“Sales forecasts are down from last quarter, prompting CEOs to
remain cautious,” said Ivan G. Seidenberg, Chairman of Business
Roundtable and Chairman and CEO of Verizon Communications. “However,
they are preparing for future demand by increasing investment in
capital.”
…
In particular, the CEOs anticipate capital spending to increase
over the next six months.
…
In terms of the overall U.S. economy, member CEOs estimate real GDP
will grow by 1.9 percent in 2010 — down significantly from the 2.7
percent increase in the previous survey.
** Market News International Washington Bureau: 202-371-2121 **
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