Providing yet another sign the economy still has room for improvement, the Business Roundtable released a survey on Tuesday finding that CEO expectations on the economy remain mixed for the fourth-straight quarter.
The Business Roundtable CEO Economic Outlook Index, which looks at CEO projections for sales and plans for capital spending and hiring over the next six months, increased modestly from 67.5 in the fourth quarter of 2015 to 69.4 in the first quarter of 2016. The index remains near three-year lows.
The survey found that CEO expectations for sales over the next six months increased by 8.5 points, and their plans for capital expenditures increased by 7.1 points, relative to last quarter. Hiring plans declined by nearly 10 points from last quarter.