Courtesy of Mish.
Plunge in CEO Expectations
The quarterly survey of CEO expectations looking six months out shows that while CEOs are still positive in regards to capital spending and sales, the recent plunge was the third largest plunge in expectations in history.
Jim McNerney, Chairman of Business Roundtable and Chairman, President and CEO of The Boeing Company discusses CEO sentiment in the following video.
Link If Video Below Does Not Play: CEO Rountable Video
Hiring Contraction
More CEOs than not expect reduced employment in the next six months.
click on chart for sharper image
CEOs Sharply Reduce Expectations for Economic Outlook, Hiring
Business Roundtable notes CEOs Sharply Reduce Expectations for U.S. Economy.
The results of Business Roundtable’s (BRT) third quarter CEO Economic Outlook Survey for 2012 show a further downturn in CEOs’ expectations for sales, capital spending and hiring for the next six months. The Business Roundtable CEO Economic Outlook Survey Index decreased to 66.0 in the third quarter of 2012 from 89.1 in the second quarter of 2012, the lowest reading since the third quarter of 2009 and the third largest single quarter drop in the survey’s history….
