US Business Survey Falls As Economic Outlook Uncertain

Corporate executives are scaling back plans for sales, capital spending and job creation this quarter, according to a the Business Roundtable (BRT) survey Tuesday, consistent with other indicators that have tempered growth expectations.

The group’s Economic Outlook Index—a snapshot of CEO expectations for the next six months of sales, capital spending and employment—fell to 86.4 from 95.4 in the second quarter of 2014, the association of top corporate CEOs said. The long-term average of the Index is 80.2.

The majority of the BRT’s members see plans for capital investment, hiring and revenues falling from the second quarter, with job plans declining the most. The 135 members who responded to the BRT’s survey expect 2014 gross domestic product of 2.4 percent, barely above last quarter’s 2.3 percent showing.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza