CEO Economic Outlook Index at record high

Business Roundtable's March 2005 CEO Economic Outlook Survey showed that the U.S.'s leading CEOs expect the economy to continue on a solid growth path for the next six months. The strong projections for capital spending, sales, and employment resulted in a record high of 104.4 for the CEO Economic Outlook Index.

Business Roundtable is an association of CEOs of leading corporations with a combined workforce of more than 10 million employees in the U.S. and $4 trillion in annual revenues.

Over the next six months, 89 percent of CEOs feel their companies' sales will increase, and 60 percent plan to increase their capital spending. Regarding employment in their companies, 36 percent expect increases, and 46 percent expect no change. The remaining 18 percent expect a decrease in employment.