CEO expectations for the next half year improved, according to the Business Roundtable CEO Economic Outlook Survey Index, which rose to 84.3 in the second quarter from 81.0 in the first quarter.
The index, which indicate continued economic expansion is expected is modestly above its long-term average of 79.3.
The responding CEOs expect GDP to grow at a 2.2% annual rate in the next six months after predicting 2.1% growth in last quarter's survey.
The business leaders expect slight improvement in economic output over the next six months, with modest improvement in sales expectations and hiring, according to the survey.
"Survey results show CEOs expect a small increase in overall economic growth this year led by modest improvement in sales and hiring," said Jim McNerney, chairman of Business Roundtable. "Overall, CEOs see the U.S. economy still on a slow road to recovery. Relative to economic conditions, business performance remains strong, but the U.S. government's unresolved long-term fiscal path and an uncertain political environment are key obstacles to more robust economic growth and hiring."
