WASHINGTON, March 3 (UPI) -- The Business Roundtable's March 2004 CEO Economic Outlook Survey in Washington reported Wednesday modest U.S. job growth, but higher sales.
The Roundtable's CEO Economic Outlook Index stands at 94 percent, up from 89 percent in the last survey in December 2003.
"America's CEOs believe that the U.S. economy is on course for continued steady improvement over the next six months," said Hank A. McKinnell, chairman of the Business Roundtable and chairman and chief executive officer of Pfizer Inc.
"Our new CEO Economic Outlook Survey shows that companies expect to add jobs, further gains in capital spending, and strong levels of projected sales."
Eighty-eight percent of the chief executive officers predict higher sales in the next six months and only 22 percent said they expect a negative change in employment.
The Business Roundtable is an association of chief executive officers of leading corporations with a combined workforce of more than 10 million employees in the United States and $3.7 trillion in annual revenues.
