The story appears on

Page A11

December 13, 2019

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

Firms downgrade forecasts

The chief executives of America’s biggest companies have downgraded their forecasts for the US economy for a seventh straight quarter, partly due to uncertainty over US trade policy, according to a new survey released on Wednesday.

The Business Roundtable’s CEO Economic Outlook Index, a composite index of CEO plans for the next six months of sales, capital spending and employment, decreased 2.5 points to 76.7 in the fourth quarter of the year, which remains below the index's historical average of 82.7.

The 2.5-point decline, while modest, marks the seventh consecutive quarterly decline and indicates that CEOs plan to hire fewer people and invest less over the next six months, according to the Business Roundtable.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend