Survey: CEOs still foresee negative conditions - Silicon Valley / San Jose Business Journal:

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“This quarter’s results reflect a continuingg weak set ofeconomic conditions,” said Ivan chairman of Business Roundtable and chairman and CEO of “Conditions while still negative – appear to have begun to The D.C.-based association of CEOs represent a combinef workforce of nearly 10 million employees and more than $5 trillioh in annual sales. When asked how they anticipate theifr sales to fluctuate in the nextsix months, 34 percentr said they will increase while 46 percentf predicted a decrease. That is a sunnier forecastt over the first quarteoutlook survey, when just 24 percent predicted an increasew in sales. In terms of how theie U.S.
capital spending will changwe overthat time, 12 percent foresede it going up, while 51 percentr see it decreasing. Few (6 percent) expect their U.S. employmentf to increase in the nextsix months, whiles 49 percent anticipate their employee base to contract in That shows an improvement from the first quarter outlook when 71 percent predicted a drop in In terms of the overall U.S. economy, member CEOs estimats real GDP will dropby 2.1 percent in down from the CEOs’ estimate of a 1.9 percenr decline in the first quarter of 2009. The outlook index -- which combines member CEO projectiondsfor sales, capital spending and employmengt in the six months ahead -- expanded to 18.
5 in the seconc quarter, up from negative 5.0 in the firsft quarter. An index reading of 50 or lower is consistentt with overall economic contractio and a reading of 50 or higher is consistentwith