The Business Roundtable CEO Economic Outlook Index fell by 15 points to 69 in Q2, its lowest score since 2020, reflecting increased caution among U.S. CEOs. Key contributors to this decline include decreased capital expenditures, hiring plans, and sales forecasts, with 41% of CEOs anticipating employment reductions over the next six months. Trade policy uncertainty has been identified as a major concern, influencing CEOs' confidence in economic prospects. The index highlights a broader trend of cautious leadership amid challenges in the job market and organizational adjustments, evident from layoffs and hiring freezes across several large firms.
The Business Roundtable CEO Economic Outlook Index dropped by 15 points in the second quarter to 69, marking its lowest level since 2020 and well below its historic average of 83.
'The quarter's survey results signal that Business Roundtable CEOs are approaching the next six months with caution,' Cisco CEO and Business Roundtable chair Chuck Robbins said in a release accompanying the results.
'Broad-based uncertainty,' stemming from an unpredictable trade policy environment, has led to a decline in CEO economic outlooks, impacting spending and hiring intentions.
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