CEOs see lower sales, capital spending over next six months

04/9/2009 | Builder Online

An index that measures the outlook of chief executives at some of the largest companies in the U.S. has hit an all-time low. The Business Roundtable index fell to -5 in March. That's down from 16.5 in November. An index reading of 50 or higher suggests economic expansion, and a reading of 50 or lower suggests economic contraction. About 66% of the CEOS who participated in the index said they expect slower sales and capital spending over the next six months. Nevertheless, McGraw-Hill CEO Harold McGraw, chairman of the Business Roundtable, says he believes the economy has hit a low point and will start to improve soon.

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