NEW YORK – Chief executive officers have less confidence in the economy than they did three months ago, according to a Business Roundtable survey released Wednesday.
The CEO Economic Outlook Index slipped to 89.1 in the second quarter from 96.9 in the first. Indexes over 50 show the CEOs expect growth.
Fewer execs (75% versus 81% last survey) expect sales growth and those seeing additional hiring also slipped (to 36% from 42%), the survey showed.
Only 43% expect to increase capital spending, compared to 48% in the prior survey.
164 CEOs were surveyed from May 17 through June 8.