Business Roundtable Releases Latest CEO Economic Outlook Survey: Forecast is Slow and Steady for Remainder of 2011
(South Burlington, Vt.) The chief executives of Vermont’s leading businesses appear poised to hold steady their growth plans through the remainder of 2011, when compared against the first quarter survey period. The survey was completed between June 10 and June 24 and released today by Vermont Business Roundtable Chair Steve Voigt, CEO, King Arthur Flour and President Lisa Ventriss.
According to Roundtable President, Lisa Ventriss, “Overall, these data show an economy that continues to be in a holding pattern as our members wait for clarity and direction on key policy issues at both the state and federal levels. While roughly 60 percent of our members foresee increased sales projections for their companies, that number has declined slightly (61 percent compared to 73 percent in the previous quarter). An increasing number of CEOs expect there to be no change in either their capital expenditures or employment levels for the rest of 2011. Only one in ten CEOs are anticipating decreases in these key areas.” (more…)