By Vicki Needham - 06/12/13 02:35 PM EDT
“Overall, CEOs see the U.S. economy still on a slow road to recovery. Relative to economic conditions, business performance remains strong, but the U.S. government’s unresolved long-term fiscal path and an uncertain political environment are key obstacles to more robust economic growth and hiring.”
They forecast that the economy would grow at a 2.2 annual rate in this survey, a slight uptick from 2.1 percent expected growth in last quarter’s survey.
The survey found that 78 percent expect sales to increase in the April-June quarter, up from 72 percent during the first three months of the year.
For hiring, 32 percent said they plan to hire more workers, a bump up from 29 percent in the January-March period.
Capital spending fell off slightly from the first to second quarter, down 1 percentage point to 37 percent.