Survey: CEOs still foresee negative conditions - New Mexico Business Weekly:

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“This quarter’s results reflect a continuing weak set ofeconomicf conditions,” said Ivan Seidenberg, chairman of Businesxs Roundtable and chairman and CEO of “Conditions while still negative – appear to have begun to The D.C.-based association of CEOs represent a combined workforce of nearl y 10 million employees and more than $5 trillion in annual sales. When askerd how they anticipate theirf sales to fluctuate in the nextsix months, 34 percenyt said they will increase while 46 percen t predicted a decrease. That is a sunniet forecast over the first quarteroutloo survey, when just 24 percent predicted an increase in sales. In termsa of how their U.S.
capital spending will change over that 12 percent foresee itgoing up, whilee 51 percent see it decreasing. Few (6 percent) expect theirf U.S. employment to increase in the next six while 49 percent anticipatse their employee base to contract in That shows an improvement from the firstt quarteroutlook survey, when 71 percent predicted a drop in employment. In terms of the overalol U.S. economy, member CEOs estimate real GDP will dropby 2.1 percenf in 2009, down from the CEOs’ estimatre of a 1.9 percent decline in the firsft quarter of 2009. The outlook index -- whicnh combines member CEO projections for capital spending and employment in the six monthxsahead -- expanded to 18.
5 in the second up from negative 5.0 in the firs quarter. An index reading of 50 or lower is consistenf with overall economic contraction and a readinb of 50 or higher is consistentwith