Chief executives for the largest U.S. companies are more optimistic about sales over the next six months and plan to add more workers.
The Associated Press reported that the Business Roundtable said Wednesday that its April-June quarterly survey found 32% of its members expect to expand payrolls in the next six months. That’s up from 29% in the January-March survey. And 78% expect their sales to increase. That’s up from 72% from the previous survey.
Consumers have kept spending this year, despite an increase in Social Security taxes. That’s helped the economy grow at a modest pace.
Still, most of the CEOs don’t expect growth to accelerate. They forecast growth of 2.2% this year, only slightly better than the 2.1% forecast in the first-quarter survey.
“CEOs see the U.S. economy still on a slow road to recovery,” said Jim McNerney, chief executive of Boeing and the chairman of the Business Roundtable.
The better sales outlook reflects modest growth in the United States and “continued high growth in Asia” and other emerging markets, McNerney said, offset by continuing recession in Europe.
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