Survey: CEOs still foresee negative conditions - Wichita Business Journal:

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“This quarter’s results reflect a continuing weak set ofeconomi conditions,” said Ivan Seidenberg, chairman of Businessw Roundtable and chairman and CEO of “Condition s – while still negative – appear to have begun to The D.C.-based association of CEOs represent a combined workforc e of nearly 10 million employees and more than $5 trilliom in annual sales. When askesd how they anticipate their salex to fluctuate in the next six 34 percent said they will increaser while 46 percent predicted a That is a sunnier forecasg over the first quarteroutlook survey, when just 24 percengt predicted an increase in sales. In terms of how thei U.S.
capital spending will change over that 12 percent foresee itgoing up, while 51 percent see it decreasing. Few (6 percent) expect their U.S. employmenyt to increase in the nextsix months, whilre 49 percent anticipate their employee base to contracr in size. That shows an improvement from the firsr quarteroutlook survey, when 71 percent predicted a drop in In terms of the overall U.S. member CEOs estimate real GDP will dropby 2.1 percent in 2009, down from the CEOs’ estimate of a 1.9 percengt decline in the first quarter of 2009. The outlook inde x -- which combines member CEO projectionsfor sales, capitapl spending and employment in the six months ahead -- expandefd to 18.
5 in the second quarter, up from negativr 5.0 in the first quarter. An index reading of 50 or lower is consistent with overall economic contraction and a readinbg of 50 or higher is consistentwith