CEOs downbeat about sales, jobs, the economy |
MarketWatch - Apr 7, 2009 |
Chief executives of major U.S. corporations are more pessimistic than they were three months ago about sales, jobs, capital spending and economic growth, the Business Roundtable reported Tuesday.
The CEO confidence index fell to minus-5 in the first quarter from 16.8 in the fourth quarter, the business trade group said. The index, which ranges from minus-50 to 150, was at 79.5 a year ago.
The chief executives expect the economy to contract 1.9% in 2009; three months ago, they thought the economy would be flat.
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- Posted: 2009-04-07 13:34:30
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