Arlington, Va.
– For the first time since the start of the financial crisis, sentiment among U.S. senior
executives about the next year’s economic outlook has crossed into positive
territory, according to a new survey by the Corporate Executive Board (CEB).
Seventy percent of the 400 executives interviewed as part of CEB’s quarterly
Business Barometer said that they expect their companies’ revenues to increase,
with most (54%) expecting growth in excess of 5% over the next 12 months.
While
64% anticipate greater cost pressures, most believe they’ll remain minimal.
The
barometer currently stands at a reading of 51, compared with 49 last quarter
and 43 in the fourth quarter of 2009.
"While modest, the improvement in
executive sentiment is a positive sign that confidence in the recovery is
growing as business fundamentals continue to improve," said Oleg
Polishchuk, senior director of the CEB.
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