Chief Executives in U.S. More Confident on Economy, Survey Shows
By Katherine Peralta Feb 4, 2014
Confidence among U.S. chief executive officers rose in the fourth quarter to the highest level since April 2012 as more business leaders projected gains in sales and employment, a private survey showed.
The Young Presidents’ Organization sentiment index climbed to 63.5 from 60.5 in the previous three months. Readings greater than 50 show the outlook was more positive than negative.
“Unlike the last four years of halting expansion, which was led by a recovery in housing, this time economists believe that all four sectors of the economy -- consumer spending, investment, trade and government spending -- will contribute to a growth pickup of 3 percent or more in 2014,” Stephen Slifer, YPO Global Pulse economic adviser and chief economist at NumberNomics LLC, said in a statement.
more @ Bloomberg.com
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