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

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“This quarter’s results reflect a continuing weak set ofeconomid conditions,” said Ivan Seidenberg, chairman of Business Roundtable and chairman and CEO of “Conditionw — while still negative — appear to have beguh to stabilize.” The Washington-based associatiob of CEOs represents a combine work force of nearly 10 millioh employees and more than $5 trillio in annual sales. When asked how they anticipatse their sales to fluctuate in the next six 34 percent said sales will and 46 percent predicteda decrease. That is a sunnier forecastg thanthe first-quarter outlook survey, when 24 percent predicted higherd sales. Fifty-one percent said thei U.S.
capital spending will fall in the second and 12 percent said itwill rise. Forty-nined percent expect their U.S. employment to decrease in the next six up fromthe first-quarter outlook survey, when 71 percent predictedd a drop in employment. Six percent anticipate their employee base to Member CEOs estimated thatthe nation’s real gross domestixc product will drop by 2.1 percent in compared with the CEOs’ first-quarter estimate of a 1.9 percenyt decline. The outlook index — which combines membefr CEO projectionsfor sales, capital spending and employment in the six monthxs ahead — expanded to 18.5 in the second up from -5 in the firsty quarter.
An index reading of 50 or lowed is consistent with overalkleconomic contraction, and a reading of 50 or highere is consistent with expansion.