CEOs stay optimistic on US economy

US corporate CEOs are becoming a little less bullish about US economic performance, although nearly three quarters say they will remain optimistic for the next year, according to the latest survey by PricewaterhouseCoopers LLP in New York. Of the 436 CEOs contacted for the firm's quarterly 'Trendsetter Barometer,' 72% said they remain optimistic about the US economy's prospects for the next 12 months -- down from last quarter's record high of 81%.

US corporate CEOs are becoming a little less bullish about US economic performance, although nearly three quarters say they will remain optimistic for the next year, according to the latest survey by PricewaterhouseCoopers LLP in New York.

Of the 436 CEOs contacted for the firm's quarterly "Trendsetter Barometer," 72% said they remain optimistic about the US economy's prospects for the next 12 months -- down from last quarter's record high of 81% for this survey, which began in 1991.

Not surprisingly, revenue growth expectations also declined, from 24.5% in the first quarter of this year to 21%. International sales expectations were also down, at 18.1% vs. 19.5% last quarter.

The CEOs surveyed run companies with revenue of US$1 million to $50 million. About half of the firms surveyed are high-tech companies.

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