Wednesday, March 30, 2011

USA CEO Confidence Hits Record High: Survey

U.S. chief executives' view of the economy brightened in the first quarter, with 92 percent expecting sales to rise over the next six months and more than half looking to add jobs, according to a survey.

The Business Roundtable's quarterly CEO Economic Outlook index surged to 113—the highest in the nearly 10 years the group has been doing the poll.

The Roundtable, whose member companies collectively generate close to $6 trillion in annual revenue, conducted the survey between Feb. 28 and March 18.

"Our CEOs see momentum in the economy over the next six months, with increased demand fueling greater investment and job creation," said Ivan Seidenberg, CEO of Verizon Communications, who serves as the group's chairman.

Fifty-two percent of the 142 CEOs who responded to the survey said they planned to add jobs in the United States over the next six months, compared with 11 percent who planned to cut headcount. Sixty-two percent said they planned to boost capital spending.