10/05/2012 22:55:00

CEOs See Consumer Recovery But Higher Inflation

A group of influential U.S. chief executives said Thursday that sentiment about the consumer sector had improved for the first time in three years, though they flagged rising inflation expectations for 2012 and 2013.

The annual spring survey conducted by The Business Council said members in the consumer sector were more positive about current conditions than those in manufacturing, with even half those in retail more optimistic about the rest of the year.

The May survey shows an improvement in confidence in most countries and emerging markets compared to February. However, the gap between the relatively high confidence levels for the U.S. and lower readings in emerging markets remains," said Henry Kravis, co-founder of private-equity titan KKR & Co. and Business Council vice chairman, in his introduction to the survey.

Almost three-quarters of respondents expect U.S. economic growth to pick up to between 2% and 3% this year, though more than a third now expect inflation to range between 3% and 3.4%.

The Business Council includes more than 100 chief executives from companies such as J.P. Morgan Chase & Co. (JPM), Caterpillar Corp. (CAT), Boeing Co. (BA), Exxon Mobil Corp. (XOM) and Archer Daniels Midland Co. (ADM).

-By Doug Cameron, Dow Jones Newswires; 312-750-4135; doug.cameron@dowjones.com

(END) Dow Jones Newswires

May 10, 2012 17:55 ET (21:55 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
23 Apr
BIOPOR
Til dem der måtte være interesseret så har jeg skrevet lidt om Bioporto GF og min efterfølgende snak..
25
18 Apr
VWS
Der har ikke været skrevet meget om hvad det nye MHI Vestas JV vil i Kina. Det har været nævnt kort ..
15
20 Apr
GEN
Jeg er normalt ikke så let irritabel, men nu må det snart være nok. Igennem den sidste måned har j..
14
22 Apr
GEN
Lad nu være med at træde hinanden over tæerne gang på gang i jagten på, hvem som har mest ret. Det e..
12
23 Apr
TOPO
Asymetrisk information i markedet?!     Antagelsen er, at der er foretaget en relativt dybdegående d..
9
21 Apr
TOPO
Jeg er meget enig. Hvis man ser på det tilsendte materiale, så får vi som Topo-aktionærer +50% ift. ..
9
21 Apr
EI
Jeg syntes, at mange af bemærkningerne ovenfor viser, at janteloven stadig er gældende. "Han skal ik..
9
21 Apr
E:BARC
Normal 0 21 false false false NO-BOK X-NONE X-NONE ..
9
18 Apr
VWS
Den overvejelse vil jeg i bedste fald kalde irrelevant. For det første er længder af kyststrækninger..
9
22 Apr
GEN
Hvis GW kun skulle udtale sig om de aktier, han virkelig ejer ville der blive meget tomt på disse si..
8

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Prosperity Voskhod Fund Limited : Annual Financial Report
2
Stora Enso 23 April 2014: Announcement with a reference to Chapter 9, paragraph 10 of the Finnish Securities Markets Act
3
Details of the Upcoming ExpoPlaza Latina Business Conference in Vancouver, BC on April 30, 2014 - Video News Alert posted on InvestmentPitch.com
4
Stora Enso CEO Jouko Karvinen comments on first quarter 2014 results announced today
5
Emerge Energy Services LP Declares First Quarter Cash Distribution and Announces Date for Earnings Release
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
24 April 2014 05:35:06
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20140324.1 - EUROWEB3 - 2014-04-24 06:35:06 - 2014-04-24 05:35:06 - 1000 - Website: OKAY