Business Roundtable Releases Second Quarter 2009 CEO Economic Outlook Survey.WASHINGTON -- The CEOs of America's leading companies continue to see the strains of an international economic downturn, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the results of Business Roundtable's second quarter 2009 CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Economic Outlook Survey. "This quarter's results reflect a continuing weak set of economic conditions," said Ivan G. Seidenberg, Chairman of Business Roundtable Business Roundtable (BRT), an association consisting of the chief executive officers of major U.S. corporations that was founded in 1972 through the merger of the three preexisting business organizations. and Chairman and CEO of Verizon Communications
Verizon Communications, Inc. . "Conditions - while still negative - appear to have begun to stabilize." Business Roundtable is an association of chief executive officers of leading corporations, representing a combined workforce of nearly 10 million employees and more than $5 trillion in annual revenues. The survey's key findings from this quarter and last quarter include: [TABLE OMITTED] In terms of the overall U.S. economy, member CEOs estimate real GDP Real GDP This inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price", "inflation-corrected" GDP or "constant dollar GDP". will decline by 2.1 percent in 2009, down from the CEOs' estimate of a 1.9 percent decline in the first quarter of 2009. The Business Roundtable CEO Economic Outlook Survey's Index expanded to 18.5 in the second quarter of 2009, up from negative 5.0 in the first quarter. The Index is a composite diffusion index Diffusion Index 1. A measure of the percentage of stocks that have advanced in price or are showing a positive momentum over a defined period. It is used in the technical analysis of stocks. 2. that combines member CEO projections for sales, capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. and employment in the six months ahead. The Index is centered on 50, and results can range from negative 50 to positive 150. An index reading of 50 or lower is consistent with overall economic contraction An economic contraction is a reduction in goods and services for sale in the market place. Typically it relates to a downturn in production caused by external factors such as weather or a decline in exports, or by such internal factors as taxes, regulatory constraints or other and a reading of 50 or higher is consistent with expansion.
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CEO ECONOMIC OUTLOOK INDEX >
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SurveyDate >
CEO EconomicOutlook Index
2009 Q2 >
18.5
2009 Q1 >
-5.0
2008 Q4 >
16.5
2008 Q3 >
78.8
2008 Q2 >
74.5
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Business Roundtable's CEO Economic Outlook Survey, conducted quarterly since the fourth quarter of 2002, provides a forward-looking view of the economic outlook of Business Roundtable member CEOs. The survey was completed between June 1 and June 12. The percentages in some categories may not equal 100 due to rounding. Results of all surveys can be found at http://www.businessroundtable.org/ceo_survey. Business Roundtable is an association of chief executive officers of leading U.S. companies with more than $5 trillion in annual revenues and nearly 10 million employees. Member companies comprise nearly a third of the total value of the U.S. stock markets and pay nearly half of all corporate income taxes paid to the federal government. Annually, they return $133 billion in dividends to shareholders and the economy. Business Roundtable companies give more than $7 billion a year in combined charitable contributions charitable contribution n. in taxation, a contribution to an organization which is officially created for charitable, religious, educational, scientific, artistic, literary, or other good works. , representing nearly 60 percent of total corporate giving. They are technology innovation leaders, with more than $70 billion in annual research and development spending - more than a third of the total private R&D spending in the U.S. Please visit us at www.businessroundtable.org, check us out on Facebook and LinkedIn, and follow us on Twitter A Web site and service that lets users send short text messages from their cellphones to a group of friends. Launched in 2006, Twitter (www.twitter.com) was designed for people to broadcast their current activities and thoughts. . |
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