Despite the situation in the Middle East, the confidence of CEOs of large American companies in the economy continues to strengthen, reaching a new high in over a year
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The confidence of CEOs of large American companies continued to strengthen in the first quarter. According to a survey released on Wednesday, the Business Roundtable's CEO Economic Outlook Index rose by 9 points to 89, reaching a new high in over a year. An index above 50 indicates expectations for growth in capital spending, sales, and hiring over the next six months. Hiring plans have improved, but about one-third of CEOs still indicated that they plan to lay off employees in the coming months
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