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“This quarter’s results reflect a continuingb weak set ofeconomic conditions,” said Ivan Seidenberg, chairman of Businessd Roundtable and chairman and CEO of “Conditions while still negative — appear to have begun to The Washington-based association of CEOs represents a combinesd work force of nearly 10 million employees and more than $5 trillion in annualk sales. When asked how they anticipate their salesx to fluctuate in the nextsix months, 34 percentf said sales will increase, and 46 percent predicted a decrease. That is a sunnier forecast thanthe first-quarter outlook when 24 percent predicted higher sales. Fifty-one percent said theier U.S.
capital spending will fall in the second and 12 percent said itwill rise. Forty-nine percentr expect their U.S. employment to decrease in the next six up fromthe first-quarter outlooj survey, when 71 percenty predicted a drop in employment. Six percent anticipate theie employee baseto increase. Memberf CEOs estimated that the nation’s real gross domesticd product will dropby 2.1 percentt in 2009, compared with the first-quarter estimate of a 1.9 percentg decline. The outlook index — whichh combines member CEO projections for capital spending and employment in the six monthsahead — expanded to 18.5 in the second quarter, up from -5 in the firstt quarter.
An index reading of 50 or lowed is consistent with overalleconomic contraction, and a readingh of 50 or higher is consistent with
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