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
20 May
 
Normal 0 21 false false false DA X-NONE X-NONE ..
30
19 May
 
Du undrer mig at flere ikke er begyndt at bekymrer sig for situationen i Grækenland. Hvad enten man ..
25
16 May
FING-B
Der er simpelthen noget som både Dig og Denne Swiftfup har misforstået. Det som i begge har misforst..
22
21 May
 
”Verdensøkonomiens nuværende vigtigste sektor må være Kinas boligmarked. Der står 50 mio. lejlighede..
20
19 May
 
Hej alle,   Herunder er alle finanshusenes vurderinger og anbefalinger af C20 selskaber + de 'Large ..
20
19 May
GEN
Mon ikke vi nærmer os de 600 efter JNJ´s præsentation i morgen - der vil komme fokus på Daratumumab ..
20
18 May
VELO
Jeg har desværre ikke tid til en længere udredning, og heller ikke til en lang dialog, men jeg er ik..
17
16 May
FING-B
xo - dog påfaldende hvor aktiv du har været i en debat om et selskab som du 'faktisk er bedøvende li..
17
18 May
BIOPOR
  Huj hej hvor det går. Endelig sker der noget med kursen. Og selskabet står også med nogle ret inte..
15
16 May
FING-B
Typisk et fjols som dig, at sige sådan i stedet for at forholde dig til det jeg skriver. 
15

Notification of Transactions of Directors

22/05/2015 15:32:07
Intermediate Capital Group plc (the "Company") 22 May 2015 Notification of Transactions of Directors In accordance with the UK Financial Services Aut..

Holding(s) in Company

22/05/2015 13:38:48
For filings with the FSA include the annex   For filings with issuer..

Form 8.3 - Greene King plc

22/05/2015 10:49:20
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
BLACKROCK INCOME STRATEGIES TRUST PLC - Half-yearly Report
2
Flowserve Announces Quarterly Cash Dividend of $0.18 Per Share
3
Endurance Announces Date of Special General Meeting of Shareholders in Connection with the Acquisition of Montpelier
4
WellCare Selected to Continue Participating in the Florida Healthy Kids Program Will Serve Nine Florida Regions Under the New Contract
5
Articles of Association for Genmab A/S

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   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.
 
22 May 2015 21:37:17
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150519.1 - EUROWEB2 - 2015-05-22 22:37:17 - 2015-05-22 21:37:17 - 1000 - Website: OKAY