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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Horgad who wrote (365098)	4/10/2008 5:06:51 PM
From: Giordano Bruno	Read Replies (1) of 436258

CEOs: Increasingly Skittish ceoLeaders at the nation’s top companies have flat business expectations over the next six months, the latest quarterly Business Roundtable CEO outlook survey shows. The CEO economic outlook index was unchanged in the first quarter of 2008, the survey shows, at a level of 79.5. (Levels above 50 indicate expansion.) The index reflects sales, capital expenditures, and employment estimates for the next six months. The level reading shows that CEOs — a typically upbeat group — have tampered down their expectations still have confidence in their companies’ outlooks. Many are relying on export growth to compensate for a possible U.S. recession. “Today, more than ever, these companies’ outlooks are bolstered by the strong demand for U.S. goods and services from around the world,” said Harold McGraw III, chairman of Business Roundtable and chairman, president and CEO of the McGraw-Hill Cos., in a statement. The survey was completed March 10-27 by 100 of the group’s 160 member CEOs. Its results are at odds with a similar survey released April 3 by Chief Executive magazine, whose monthly CEO sentiment index hit its lowest level since tracking began in 2002 (their polling was conducted March 11-26). Among the gloomy details in the Chief Executive magazine survey, 56.7% of the 321 respondents polled said they expect employment to decrease in the April – June period. And 52% said they would characterize current business conditions as “bad.” “The amount of debt at every level of the economy combined with inflation will have an extreme negative effect on the overall economy,” said one anonymous respondent to the survey. –Kelly Evans

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