More CEOs Plan Increased Capital Spending

Washington, DC, Sept. 30, 2010--CEOs plan to increase capital spending, but have lowered their expectations on employment and sales for the short-term, according to a Business Roundtable survey.

About 66% said they expect sales to increase over the next six months. But that number is down from 79% of those surveyed in the group's last poll, which was conducted in the second quarter.

However, only 31% of those surveyed said they expected to increase their number of U.S. employees, down from 39% in the second quarter.

"Sales forecasts are down from last quarter, prompting CEOs to remain cautious. However, they are preparing for future demand by increasing investment in capital," said Ivan G. Seidenberg, current chairman of Business Roundtable, in a press release.

The number of CEOs who say they expect increased capital investment rose to 49% in the third quarter, up from 43% in the second quarter.