Chief Executives at U.S. Companies Expect Sales to Keep Growing
WASHINGTON, D.C. — The Business Roundtable said Tuesday that 40% of its member CEOs plan to hire more workers, up from 34% in the third quarter. Nearly three-quarters project their sales will rise, roughly the same as the previous quarter.
The findings suggest that slowing growth overseas hasn’t caused large corporations to pull back on their hiring plans. Still, the CEOs say they are less likely to invest in new facilities or equipment; 13% say they plan to cut such spending, up from just 10% in the previous quarter.
The survey was conducted between Oct. 22 and Nov. 12, and is based on 129 responses from the Roundtable’s 200 member CEOs.