Tags: U.S. | CEOs | Expect | Slower | Economic | Growth

U.S. CEOs Expect Slower Economic Growth

Monday, 18 September 2006 12:00 AM

BOSTON -- U.S. chief executive officers expect slower economic growth over the next six months, according to a quarterly survey released by the Business Roundtable Monday.

The group's CEO Economic Outlook Index dropped sharply to 82.4 in September from the second-quarter reading of 98.6, to its lowest level in three years.

The survey pool includes Roundtable members - CEOs from large U.S. companies. Any number higher than 50 indicates economic expansion.

Of CEOs surveyed, 23 percent said they had to absorb "almost all" of the effect of higher energy costs, which can take a toll on profit margins.

Among other questions, 74 percent said they expected their company's sales to rise in the next six months, 50 percent said they expected their company's capital spending to remain unchanged, and 29 percent said they expected their company's employment to decline.

In the third quarter of 2003, as the U.S. economy accelerated out of a downturn, the Economic Outlook Index stood at 67.7, according to a Business Roundtable spokesman.

The group surveyed 109 of its 160 member companies.

(c) Reuters 2006. All rights reserved.

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BOSTON -- U.S. chief executive officers expect slower economic growth over the next six months, according to a quarterly survey released by the Business Roundtable Monday. The group's CEO Economic Outlook Index dropped sharply to 82.4 in September from the second-quarter...
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2006-00-18
Monday, 18 September 2006 12:00 AM
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