This week, the Business Roundtable unveiled its CEO Economic Outlook Survey for Q4 2023, which presents a comprehensive index of the most prominent companies’ CEO intentions regarding capital expenditure and employment, as well as their sales projections for the upcoming 6 months.

With a slight increase of two points from the previous quarter, the overall Index currently stands at 74, which is still below its average of 84. CEOs are showing a more cautious approach to capital investment, although there has been a rise in hiring plans compared to the previous quarter. Additionally, there has been a modest increase in expectations for sales over the next six months. These findings align with the current state of the economy, which is experiencing a slowdown, and are in line with the Federal Reserve's efforts to stabilize inflation. The three subindices of the survey articulated on the following components:

● The value of plans for hiring experienced a 10-point increase, reaching a total of 55.

● The value of capital investment plans experienced a decline of 7 points, resulting in a final score of 62.

● The value of expectations for sales rose by 2 points, reaching a total of 105.

Polled CEOs have also made their initial prediction for the growth of the U.S. GDP in 2024, forecasting a 1.9% increase for the year.