Economy

Sales, hiring raising CEO expectations for growth

by Vicki Needham - 06/12/13 2:35 PM ET

“Overall, CEOs see the U.S. economy still on a slow road to recovery. Relative to economic conditions, business performance remains strong, but the U.S. government’s unresolved long-term fiscal path and an uncertain political environment are key obstacles to more robust economic growth and hiring.”

They forecast that the economy would grow at a 2.2 annual rate in this survey, a slight uptick from 2.1 percent expected growth in last quarter’s survey.

The survey found that 78 percent expect sales to increase in the April-June quarter, up from 72 percent during the first three months of the year.

For hiring, 32 percent said they plan to hire more workers, a bump up from 29 percent in the January-March period.

Capital spending fell off slightly from the first to second quarter, down 1 percentage point to 37 percent.

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