Survey: CEOs still foresee negative conditions - Silicon Valley / San Jose Business Journal:

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“This quarter’s results reflect a continuing weak set ofeconomixc conditions,” said Ivan Seidenberg, chairman of Business Roundtablee and chairman and CEO of “Conditions — whilw still negative — appear to have begunh to stabilize.” The Washington-based associatiohn of CEOs represents a combined work force of nearly 10 millionn employees and more than $5 trillion in annual sales. When askedf how they anticipate their sales to fluctuate in the next six 34 percent said saleswill increase, and 46 percent predicted a That is a sunnier forecast than the first-quarter outlook when 24 percent predicted higher sales. Fifty-one perceng said their U.S.
capital spending will fall in thesecondd quarter, and 12 percent said it will Forty-nine percent expect theitr U.S. employment to decrease in the next six up fromthe first-quarter outlook when 71 percent predicted a drop in Six percent anticipate their employee base to Member CEOs estimated that the nation’s real grosds domestic product will drop by 2.1 percen in 2009, compared with the first-quarter estimate of a 1.9 percent decline. The outlook inded — which combines member CEO projectionsfor sales, capitapl spending and employment in the six monthxs ahead — expanded to 18.5 in the seconc quarter, up from -5 in the first quarter.
An indedx reading of 50 or lower is consistent with overallkeconomic contraction, and a reading of 50 or higher is consisteng with expansion.