U.S. CEOs lower expectations on sales, hiring and capital spending
Wed, 06/20/2012 - 09:50 EDT - LA Times
Concerns over Europe's debt crisis and political gridlock caused top U.S. CEOs to soften their expectations on hiring, sales and capital spending in the next six months, according to survey results released Wednesday.
Plunge in CEO Expectations
The quarterly survey of CEO expectations looking six months out shows that while CEOs are still positive in regards to capital spending and sales, the recent plunge was the third largest plunge in expectations in history.
Jim McNerney, Chairman of Business Roundtable and Chairman, President and CEO of The Boeing Company discusses CEO sentiment in the following video.
OTTAWA — Canadian firms are turning progressively gloomier about the slow pace of the world’s economy and say they want to see signs of progress before ramping up hiring and investment, a new Bank of Canada survey suggests.
The findings of the central bank’s much-watched quarterly business outlook survey is not good news for those hoping to see a strong economic rebound in the second half of this year or in 2014 after what has been almost two years of sluggish growth.
By The Federal Reserve Bank of Atlanta:
By Ellyn Terry
The latest reading on the Wells Fargo/Gallup's Small Business Index indicated business conditions for small firms dropped to the lowest levels since July 2010 (see the chart), and index also said:
British shoppers have shrugged off uncertainty caused by the UK’s vote to leave the EU with retail sales growing at their best level in six months, pushed by the summer weather and foreign visitors lured by a weaker pound, according to a survey by the Confederation of British Industry (CBI).
Chief executives at the largest U.S. corporations lowered their outlook for economic growth and planned less spending and hiring amid reduced expectations for sales during the next six months, according to survey results released Monday.
OTTAWA — A new Bank of Canada survey suggests while companies are anticipating modestly better days ahead for exports, they’re also bracing for slower U.S. growth due to uncertainty about the outcome of the presidential election.
The central bank’s latest business outlook survey shows Canada’s biggest trading partner is still seen by firms as the main driver of positive expectations for exports.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.By Cees Bruggemans, Chief Economist of FNB.Is South African stability about to become disturbed by another major overseas crisis on a par with 2008 or 1998?Or will we be able to keep cruising within existing Rand, inflation, prime interest rate, JSE share prices and GDP growth parameters as seen so far this year?
(WASHINGTON) — Holiday shopping, strong auto sales and a recovering housing market helped boost the U.S. economy from the middle of November through early January, according to a Federal Reserve survey released Wednesday. The Fed said 12 of its regional banking districts reported “modest or moderate” growth in the final weeks of 2012. Of those, only St. Louis said growth had slowed from the previous survey, which covered October through early November. Consumers increased spending at the end of the year in every district. Auto sales were steady or stronger in 10 districts.
The fiscal cliff has taken top billing in the "main risks" sections of investment forecasts and economic outlooks for the past several months as markets awaited the December 31 showdown over spending cuts and tax hikes feared to put a serious drag on the economy. Concurrently, since the ECB's announcement of an OMT bond market intervention plan to combat rising borrowing costs this summer, unsustainably high interest rates have been fixed on a steady downward trajectory in Europe, and the euro crisis has captured less and less attention.