Vt CEOs see mixed economic future: sales up, jobs flat

first_imgRoundtable Releases Fourth Quarter, 2004 CEO Economic Outlook SurveyResults So. Burlington, VT – Results from the Vermont BusinessRoundtable’s (Roundtable) Fourth Quarter, 2004 CEO Economic OutlookSurvey, show that over three quarters of responding CEOs are expectingincreases in company sales in the coming six months, which is a sixpercent increase over the last quarter. Projections for capital spendingare down by a similar percentage and employment levels are flat whencompared to the previous quarter. George Chandler, President & CEO of Hubbardton Forge inCastleton and Jim Crook, CEO of IDX Systems Corporation in Burlington aremembers of the Roundtable. When asked to comment on his CEO EconomicOutlook Survey responses, George Chandler stated that, “There appears tobe steady, though modest growth in the design and home furnishingsmarkets; however the number of domestic players are shrinking. Todaycustomer expectations can be met by any number of less expensive off-shorecompetitors. Continuous investment in people, innovation and capitalimprovements is our only edge if we want to continue to build, much lessmaintain our current market share. Jim Crook said that he is alsoprojecting increases in company sales, capital spending and employment forIDX over the next quarter because, “the need for health care informationtechnology is critical to solving the worldwide mandate of improvedpatient care and lowering the costs of care.” The survey, modeled after the National Business Roundtable’s CEOEconomic Outlook Survey, was conducted in early October and enjoyed a 62%response rate. The key findings which reflect the membership’s outlookfor the next six months, include the following details:* 77% of responding CEOs expect an increase in consumer sales, 22% see nochange, and 1% anticipate a decrease. [Third Quarter results: Increase71%, No change 25%, Decrease 4%]* 45% expect capital spending to increase in the next six months, 46% seeno change, and 9% anticipate a decrease. [Third Quarter results: Increase51%, No change 42%, Decrease 7%]* 58% expect employment to increase in the next six months, 39% see nochange, and 3% anticipate a decrease. [Third Quarter results: Increase59%, No change 37%, Decrease 3%]Created in 1987 as a nonprofit, public interest organization, the VermontBusiness Roundtable iscomprised of 120 CEOs of Vermont’s top private and nonprofit employersdedicated to making Vermont the best place in America to do business, beeducated, and live life. Member businesses employ over 47,000 employees invirtually every county across Vermont.-###-last_img

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