Business leaders still cautious about economy

The CEOs of America's largest companies expect sales and hiring to rise over the next six months, but they don't plan to spend as much and they remain worried about the health of the U.S. economy.

In its latest quarterly survey, the Business Roundtable said 79% of CEOs expect sales to climb over the next six months, compared to 73% in the first quarter. And 39% plan to hire more workers in the U.S., compared to 29% in the previous survey.

Yet just 43% expect to increase capital spending over the next six months, down from 47% in the first quarter.

The Roundtable stuck to its prior forecast that the U.S. economy will grow at a 2.7% pace in 2010. The influential business group represents almost 160 American firms with nearly $6 trillion in annual revenue and 12 million employees.

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- Posted: 2010-06-23 10:33:40

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