CEO confidence hits record high: Roundtable
Published March 30, 2011 Reuters
BOSTON (Reuters) - U.S. chief executives' view of the economy brightened in the first quarter, with 92 percent expecting sales to rise over the next six months and more than half looking to add jobs, according to a survey.
The Business Roundtable's quarterly CEO Economic Outlook index surged to 113 -- the highest in the nearly 10 years the group has been doing the poll.
"Our CEOs see momentum in the economy over the next six months, with increased demand fueling greater investment and job creation," said Ivan Seidenberg, CEO of Verizon Communications Inc <VZ.N>, who serves as the group&apos;s chairman.
The Roundtable, whose member companies collectively generate close to $6 trillion in annual revenue, conducted the survey between February 28 and March 18.
(Reporting by Scott Malone, editing by Dave Zimmerman)