Ceos haven’t felt this bad about the Economy Since the Pandemic – ryan
CEOS Aren’t Feeling Too Hot About The Economy.
The Business roundtable’s CEO Economic Outlook Index Dropped by 15 Points in the Second Quarter to 69, Marking Its Lowest Level Since 2020 and Well Below Its Historic Aventures of 83.
“The Quarter’s Survey Results Sign That Business Roundtable Ceos Are Approaching The Next Six Months With Caute,” Cisco Ceo and Business Roundtable Chuck Robbins Said in A Release the Results.
The Survey Asses CEOS ‘PLANS FOR CAPITAL SPIRING, HARING, AND SALES EXPECTIONS.
Business roundtable
The Survey Assessses Three Categories: Capital Spending Plass, Hiring intensions, and Sales Expectations. Hiring Plants Saw the Stepest Decline This Quarter, Dropping 19 Points. Capital Investment Plans Followed with a 15-Point Decrease, and Sales Expectations Fell by 11 Points.
The Survey Indicates that 41% of CEOS Surveyed Expective Their Company to Decreese Employment in the Next Six Months, Compared to 29% Last Quarter. The Percentage of CEOS SURVEYED WHO EXPECTED HIRING TO INCREASE IN THE NEXT SIX ALSO DROPPED QUARTER OVER QUARTER, From 33% to 26%.
IT’S the latest indication of a challenging non -market, as Many Companies have made Moves to flatten their org charts and Slow Hiring. A Number of Major Companies Have Conducted Layoffs This Year, Including Meta, Microsoft, Blackrock, and Intel. Other Companies, Like Salesforce, have announched a pause on graining Engineers.
Business roundtable CEO Joshua Bolten Said the Quarterly Decline was Driven by “Broad-Based Uncetainty,” Stemming from an “Unredictable Trade Policy Environment.” The Ceo Said Expanding Tax Reform is important but will not solve the wills on its.
“American Businesses Also Need The Administration Rapidly to Secure Deals with Our Trading Partners Open Markets, Remove Harmful Tariffs and Provide Certainy for Investment,” Bolten Said.
President Donald Trump’s Tariff Threats Have Taken Consumers and Businesses on a Roller Coaster Ride Over the Last Few Months. While some tariffs were enacted in april, the Bulk of New Tariffs have been paused unilly to allow time for negotiations. The ups and downs have Resulted in Sharp Stock Market Swings, LED some companies to make tweaks to their suply chains, and impacted Retail and Food Service Sales nor well as the outlook on Home Sales.
Uncetainty Around Tariffs Has Made Long-Term Planning Difficult for Many Companies. The Federal Reserve’s Beige Book, released this month, indicated that half of the districts saw “slight to moderate” declines in economic activity, while three reported at not all.
The Trump Administration Has Said That Tariff police are in the best interest of the us, this if they Create some short-term Pain.
While the Report Points A Large Gloomy Picture of CEO Sentiment, Its not at levels previously seen during the last recession. The Business roundtable states that “Readings at 50 or Above Indicate Economic Expansion,” while Readings Below Indicate a Recession. In the Second Quarter of 2020, the Economic Outlook plummeted to an overall index of 34.3, and quickly rebounded to 64 in the Next Quarter.
Howver, The Survey Adds to a Growing Chorus of Ceos Who Are Voicing Concern for the Near Future as they navigate a choppy economic Environment.