Guest post by Joe Hoft
Bloomberg reported on Tuesday that –
The Business Roundtable’s CEO Economic Outlook Index — a measure of expectations for revenue, capital spending and employment — jumped 19.1 points to 93.3, according to the group’s survey released Tuesday. The increase, the biggest since the final three months of 2009, left the gauge above its long-run average of 79.8 for the first time in seven quarters. Readings above 50 indicate economic expansion.
Bloomberg continued that the CEO’s “the outlook for sales, the labor market and investment brightened considerably.”
The Business Roundtable which conducted the survey represents companies with more than $6 trillion in annual revenue and about 15 million employees. and the most important policy change from the Trump administration to grow the economy was tax reform –
The survey, with responses from 141 member CEOs, was conducted from Feb. 8 to March 1. In response to a special question, 52 percent of the participants said tax reform would be the single best policy change to create the most pro-growth environment for businesses.
Winning. Winning. Winning.