Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

CEO survey taken before omicron emergence shows optimism about the economy over the next 6 months

by
December 1, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

There’s 3 New Standout Dividend Stocks — And 3 Pay The Most

J.P. Morgan Says Now Could Be a Good Time to Buy Cybersecurity Stocks; Here Are 2 Names With Promising Growth Potential

A customer carries her purchases during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.

Joel Lerner | Xinhua News Agency | Getty Images

Strong consumer demand sparked a wave of CEO optimism about the economy over the next six months, the Business Roundtable said Wednesday, as it revealed the results of its most recent survey.

But the lobbying group, whose members are CEOs of major American companies, cautioned that the survey was completed before the emergence of the new omicron Covid variant, and that the survey measured only the executives’ plans for the next six months.

The Business Roundtable released its fourth quarter CEO Economic Outlook Survey, revealing its headline index had risen to its highest level in the 20-year history of the survey, hitting a value of 124, which is up 10 points from the third quarter.

On top of that, CEOs reported their plans for hiring increased 13 points, plans for capital investment increased 7 points and expectations for sales increased 9 points. The group cited the release of enormous pent-up consumer demand as a driver of the optimism in corporate boardrooms.

“This quarter’s survey reflects the encouraging signs we’re seeing with the economic rebound as consumers begin to resume travel and spending,” said Business Roundtable Chairman Doug McMillon, the CEO of Walmart. “Continued progress in defeating the pandemic, including new variants, will be necessary to sustain strong growth into the second half of 2022.”

In their first estimate of 2022 U.S. GDP growth, CEOs projected 3.9% growth for the year.

The Business Roundtable survey also asked CEOs for the cost pressures facing their companies. Forty-eight percent identified labor costs as the top cost pressure, followed by 20% identifying supply chain disruption costs and 17% identifying material costs.

Business Roundtable CEO Josh Bolten spotlighted recent legislation on Capitol Hill as one of the reasons for the executives’ economic optimism.

“The recent bipartisan Infrastructure Investment and Jobs Act, which directs much-needed resources to upgrade our nation’s physical infrastructure and broadband connectivity, is an important investment in the long-term health of the economy,” he said. “As the economy reverts to a normal cadence, sound economic policy can help sustain strong growth over the long term.”

The survey was conducted between Nov. 3 and Nov. 22. The World Health Organization labeled omicron a “variant of concern” on Nov. 26.

ShareTweetPin

Related Posts

There’s 3 New Standout Dividend Stocks — And 3 Pay The Most

by
January 28, 2023
0

Post Content

J.P. Morgan Says Now Could Be a Good Time to Buy Cybersecurity Stocks; Here Are 2 Names With Promising Growth Potential

by
January 28, 2023
0

S&P 500 4,070.56 +10.13(+0.25%)   Dow 30 33,978.08 +28.67(+0.08%)   Nasdaq 11,621.71 +109.30(+0.95%)   Russell 2000 1,911.46 +8.39(+0.44%)   Crude...

2 LiDAR Stocks Under $10 With Over 100% Upside Potential; J.P. Morgan Says ‘Buy’

by
January 28, 2023
0

S&P 500 4,070.56 +10.13(+0.25%)   Dow 30 33,978.08 +28.67(+0.08%)   Nasdaq 11,621.71 +109.30(+0.95%)   Russell 2000 1,911.46 +8.39(+0.44%)   Crude...

What will the Fed and Jerome Powell do next week?

by
January 28, 2023
0

Jittery U.S. investors are still in “bad news is good news” mode because they want to see interest rates decline....

My Bank Closed My Account. What Do I Do Now?

by
January 28, 2023
0

S&P 500 4,070.56 +10.13(+0.25%)   Dow 30 33,978.08 +28.67(+0.08%)   Nasdaq 11,621.71 +109.30(+0.95%)   Russell 2000 1,911.46 +8.39(+0.44%)   Crude...

Next Post

Capital One says it's ditching all consumer overdraft fees, giving up $150 million in annual revenue

Cowen says supply chain woes are here to stay until 2022, picks stock winners to ride it out

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com