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CEO Economic Outlook Index falls in Q3; execs putting on brakes

September 18, 2019

The Business Roundtable reported Monday that its CEO Economic Outlook Index fell to a reading of 79.2 for the third quarter, down 10.3 points from the previous quarter.

“This quarter’s survey shows American businesses now have their foot poised above the brake, and they're tapping the brake periodically,” said Joshua Bolten, president and CEO of the Business Roundtable. “Uncertainty is preventing the full potential of the economy from being unleashed, limiting growth and investment here in the US.”

The sub-index of CEO hiring plans fell to 72.6 in the third quarter, down 2.6 points from the previous quarter.

CEOs projected 2.3% growth in GDP for the year in the third-quarter report, down from 2.6% in second-quarter report.

The report was based on a survey of 138 CEOs; it was administered between Aug. 23 and Sept. 9.

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