CEO Optimism Rises for Sales and Capital Spending, but Not for Jobs
March 13, 2013 by Jon C. Ogg
The BRT said, “CEO economic expectations increased for the first time in four quarters. BRT CEOs also expect 2.1 percent growth for 2013, a slight increase from last quarter’s estimate of 2.0 percent.”
Jim McNerney, who is head of Boeing Co. (NYSE: BA) and the chairman of Business Roundtable, said, “The relatively smaller improvement in the outlook for hiring, however, may reflect ongoing uncertainty and a wait-and-see attitude about the business climate in the United States, as agreement on the nation’s debt and budgetary issues remains elusive.”
Today’s survey release was up in the first quarter of 2013, to 81.0 from 65.6 in the fourth quarter of last year, and is back to the its highest level since the second quarter of 2012. The current index is at about its long-term average level of 79.2.
The BRT survey was completed between February 11 and March 1, 2013, and responses were received from 144 member CEOs for a 69% participation rate in the BRT survey. Here is a snapshot:
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