CEOs See Hotter Sales, Tepid Job Growth

[dirtboy]

CEOs See Hotter Sales, Tepid Job Growth

By Bill Rigby

NEW YORK (Reuters) - Leading U.S. chief executives overwhelmingly expect their companies to post higher sales in the first half of next year, but only a minority see higher capital spending or more jobs created by their companies, according to a survey by the Business Roundtable released on Wednesday.

The survey, conducted by the main association representing CEOs in the United States, reflects the cautiously optimistic outlook of most economists, who see the economy improving but held back by sluggish growth in jobs.

According to the survey, 93 percent of the CEOs polled expect higher sales for their companies over the next six months, but only 35 percent expect higher U.S. capital spending.

Only 25 percent expect to hire more workers in the next six months, while 50 percent see no change and 25 percent expect to shed jobs.

"There is usually a lag between when an economic recovery begins and when we start to see healthy employment growth," said Hank McKinnell, Chairman of the Business Roundtable and Chief Executive of drugmaker Pfizer Inc., in a conference call on the survey. "As the economy continues to grow, businesses will add workers to meet demand."

On average, the 120 CEOs who took part in the survey expect real U.S. gross domestic product growth to be 3.6 percent in 2004. Consensus forecasts among economists are around 4 percent.

As a result of the survey, the Business Roundtable said its CEO Economic Outlook Index rose to 89.6 for December, up from 67.7 in October. A reading of 50 indicates no change in conditions is expected. The index has risen from 52.7 at its inception in November last year.

Chief financial officers are more optimistic on spending and jobs, another survey released on Wednesday showed.

The CFO Outlook Survey, conducted by Financial Executives International and Duke University's Fuqua School of Business, showed that 63 percent of CFOs polled expect an increase in capital spending in 2004.

Two-thirds of the 236 surveyed companies plan to increase their number of employees in 2004, and only 14 percent expect to cut jobs, the survey showed.

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More positive news that shows the economy is heading in the right direction.

 

[dmcowen674]

Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

"but only a minority see higher capital spending or more jobs created by their companies"

"but only 35 percent expect higher U.S. capital spending."
-----------------------------------------------------------------------
That's a lot of BUTs

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Two-thirds of the 236 surveyed companies plan to increase their number of employees in 2004, and only 14 percent expect to cut jobs, the survey showed.

Only 25 percent expect to hire more workers in the next six months, while 50 percent see no change and 25 percent expect to shed jobs.
--------------------------------------------------------------------
So which is it 66% or 25% ????

Either way still all hocus pocus and nothing real yet at all.

 

[tnitsuj]

Originally posted by: dmcowen674
Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

"but only a minority see higher capital spending or more jobs created by their companies"

"but only 35 percent expect higher U.S. capital spending."
-----------------------------------------------------------------------
That's a lot of BUTs

------------------------------------------------------------------------

Two-thirds of the 236 surveyed companies plan to increase their number of employees in 2004, and only 14 percent expect to cut jobs, the survey showed.

Only 25 percent expect to hire more workers in the next six months, while 50 percent see no change and 25 percent expect to shed jobs.
--------------------------------------------------------------------
So which is it 66% or 25% ????

Either way still all hocus pocus and nothing real yet at all.

Do you have any idea what a depression is?

 

[dmcowen674]

Originally posted by: tnitsuj

Originally posted by: dmcowen674
Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

"but only a minority see higher capital spending or more jobs created by their companies"

"but only 35 percent expect higher U.S. capital spending."
-----------------------------------------------------------------------
That's a lot of BUTs

------------------------------------------------------------------------

Two-thirds of the 236 surveyed companies plan to increase their number of employees in 2004, and only 14 percent expect to cut jobs, the survey showed.

Only 25 percent expect to hire more workers in the next six months, while 50 percent see no change and 25 percent expect to shed jobs.
--------------------------------------------------------------------
So which is it 66% or 25% ????

Either way still all hocus pocus and nothing real yet at all.

Do you have any idea what a depression is?

Apparently a lot better idea than those that believe a Recession ended November 2001

 

[alchemize]

Originally posted by: tnitsuj

Originally posted by: dmcowen674
Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

"but only a minority see higher capital spending or more jobs created by their companies"

"but only 35 percent expect higher U.S. capital spending."
-----------------------------------------------------------------------
That's a lot of BUTs

------------------------------------------------------------------------

Two-thirds of the 236 surveyed companies plan to increase their number of employees in 2004, and only 14 percent expect to cut jobs, the survey showed.

Only 25 percent expect to hire more workers in the next six months, while 50 percent see no change and 25 percent expect to shed jobs.
--------------------------------------------------------------------
So which is it 66% or 25% ????

Either way still all hocus pocus and nothing real yet at all.

Do you have any idea what a depression is?

It must be if unemployment hits like, 6.3%. And Wal-Mart quits hiring, right?

 

[dirtboy]

Originally posted by: tnitsuj

Originally posted by: dmcowen674
Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

"but only a minority see higher capital spending or more jobs created by their companies"

"but only 35 percent expect higher U.S. capital spending."
-----------------------------------------------------------------------
That's a lot of BUTs

------------------------------------------------------------------------

Two-thirds of the 236 surveyed companies plan to increase their number of employees in 2004, and only 14 percent expect to cut jobs, the survey showed.

Only 25 percent expect to hire more workers in the next six months, while 50 percent see no change and 25 percent expect to shed jobs.
--------------------------------------------------------------------
So which is it 66% or 25% ????

Either way still all hocus pocus and nothing real yet at all.

Do you have any idea what a depression is?

Doubful, as he's still trying to figure out which direction is up.

 

[dirtboy]

Originally posted by: dmcowen674
Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

"but only a minority see higher capital spending or more jobs created by their companies"

"but only 35 percent expect higher U.S. capital spending."
-----------------------------------------------------------------------
That's a lot of BUTs

------------------------------------------------------------------------

Two-thirds of the 236 surveyed companies plan to increase their number of employees in 2004, and only 14 percent expect to cut jobs, the survey showed.

Only 25 percent expect to hire more workers in the next six months, while 50 percent see no change and 25 percent expect to shed jobs.
--------------------------------------------------------------------
So which is it 66% or 25% ????

Easy.

25% plan for hiring in the next six months.
41.6% plan for hiring in 2004, meaning some might be in the first half or in the second half.

 

[dirtboy]

Originally posted by: dmcowen674
Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

Do you have any data or evidence to support your claim?

No?

Then maybe you should just stop posting.

 

[dmcowen674]

Originally posted by: dirtboy

Originally posted by: dmcowen674
Don't see anything in this article suggesting the Recession over at all. Infact supports that we are still tetering on edge of Depression:

Do you have any data or evidence to support your claim?

No?

Then maybe you should just stop posting.

Talk about no data or no evidence, your posts are nothing but "may" Plan this and "may" plan that.

Tell that to the thousands and thousands that have just recently lost their jobs and the millions since supposedly the Recession ended, now who should stop posting?

 

[xxxxxJohnGaltxxxxx]

Originally posted by: alchemize

It must be if unemployment hits like, 6.3%. And Wal-Mart quits hiring, right?

 

[xxxxxJohnGaltxxxxx]

Originally posted by: dmcowen674

Tell that to the thousands and thousands that have just recently lost their jobs and the millions since supposedly the Recession ended, now who should stop posting?

...those who recently lost their jobs should stop posting? Is this a trick question?

 

[dirtboy]

Originally posted by: dmcowen674

Tell that to the thousands and thousands that have just recently lost their jobs and the millions since supposedly the Recession ended, now who should stop posting?

Again, that is not concrete proof. If someone losses there job it doesn't mean the country is in a recession or a depression.

I have already proved that you don't know nor understand what a recession is.

Adding up the number of jobs losts doesn't do anything to prove your point, especially when you fail to add in the jobs gained. Why don't you get information from outside sources that say what you're saying, then maybe someone will listen.

 

[dmcowen674]

Originally posted by: dirtboy

Originally posted by: dmcowen674

Tell that to the thousands and thousands that have just recently lost their jobs and the millions since supposedly the Recession ended, now who should stop posting?

Again, that is not concrete proof. If someone losses there job it doesn't mean the country is in a recession or a depression.

I have already proved that you don't know nor understand what a recession is.

Adding up the number of jobs losts doesn't do anything to prove your point, especially when you fail to add in the jobs gained. Why don't you get information from outside sources that say what you're saying, then maybe someone will listen.

Let's see you post anywhere near the amount of jobs created Vs lost.......Pin drop.