Survey: CEOs expect hiring, spending to grow

June 14, 2011

The Associated Press

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CEOs plan to spend more during slow economic growth.

More than half of the chief executives of large U.S. companies say they expect to spend and hire more over the next six months despite slower economic growth.

The Business Roundtable says 51 percent of CEOs polled expect to increase hiring. Last quarter's level of 52 percent had been the highest since the trade  group began surveying its members in 2002. 

More than 60 percent plan to buy more goods such as computers, software and machinery.

Most CEOs seem confident about their own company's prospects - nearly 90 percent forecast higher sales. But they expect the economy to grow a modest  2.8 percent in 2011, down from an earlier forecast of 2.9 percent. 

Business Roundtable represents CEOs from the nation's 200 largest companies. 

The poll, from May 16-June 3, received 135 responses.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)