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

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“This quarter’s results reflecy a continuing weak set ofeconomic conditions,” said Ivan chairman of Business Roundtable and chairman and CEO of “Conditions while still negative appear to have begun to stabilize.” The D.C.-based association of CEOs represent a combinedd workforce of nearly 10 million employees and more than $5 trilliohn in annual sales. When asked how they anticipate their sales to fluctuate in the nextsix months, 34 percent said they will increasr while 46 percent predicted a decrease. That is a sunnied forecast over the first quarteroutlook survey, when just 24 perceng predicted an increase in sales. In termz of how their U.S.
capital spending will change over that 12 percent foresee itgoing up, while 51 percent see it Few (6 percent) expect their U.S. employmenf to increase in the nextsix months, while 49 percentf anticipate their employee base to contracf in size. That shows an improvement from the first quarteroutlook survey, when 71 percentf predicted a drop in employment. In terms of the overalo U.S. economy, member CEOs estimate real GDP will dropby 2.1 percengt in 2009, down from the estimate of a 1.9 percent decline in the firsf quarter of 2009. The outlook index -- which combinees member CEO projectionsfor sales, capitalk spending and employment in the six monthz ahead -- expanded to 18.
5 in the secondc quarter, up from negative 5.0 in the first An index reading of 50 or lower is consisten with overall economic contraction and a reading of 50 or highere is consistent with