Companies in U.S. More Upbeat on Sales Than Jobs, Surveys Show
By Courtney Schlisserman and Shobhana Chandra
Bloomberg

Sixty-eight percent of chief executive officers this quarter said they expect sales to grow, compared with 51 percent in the previous three months, the report from the Business Roundtable showed. The group is an association of CEOs of corporations representing a combined workforce of 12 million employees and almost $6 trillion in annual revenue. Nineteen percent said they planned on increasing headcount.

Sales are expected to increase but the mess in Washington is keeping firms from hiring new employees. Small businesses, which employ three quarters of all Americans, are losing confidence.

Advertisements