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
18 Aug
OMXC20CAP
Siden finanskrisen har vi haft 11 korrektioner. Hvad kan vi se, læse og lære ud af tallene historisk..
45
07:30
FING-B
Sig mig.. har du slet ingen skam i livet !!.. du stjæler ENDNU ENGANG et skriv fra en anden skribent..
18
23 Aug
BAVA
Bavarian Nordic har sammen med Crucell og div. myndigheder igangsat to interessante nye forsøg med M..
18
20 Aug
MAERSK-B
Jeg har gravet mig ind i 6-8 oil projekter, der vil tjene Maersk Oil fra 2016 og frem, og Johan Sver..
17
21 Aug
ZEAL
Bølgerne har gået højt her på EI’s forum siden Sanofi fredag oplyst at et mere endeligt svar på sags..
15
23 Aug
 
http://borsen.dk/nyheder/politik/artikel/1/330221/opgoerelse_viser_nye_milliarder_tabt_til_skattesvi..
13
23 Aug
DANSKE
Tro ikke på 6212 han er blot en bondeknold, der efterhånden er gået kold arme stakkels lille trold, ..
13
19 Aug
GEN
jeg HAR selv Genmab - så er det på plads.   -------------------   Ganske kort mener jeg noget i stil..
13
18 Aug
FING-B
Birketved ..... ABG / Stolle Per ......   Hmmmm ..... Jeg ved nu ikke rigtig - men, jeg er egentlig ..
13
17 Aug
GEN
Nu må vi så se, hvordan Apusisaq får en negativ vinkel på den nyhed:   Company Announcement   sBLA ..
13

Form 8.3 - Premier Farnell Plc

24/08/2016 15:25:14
            FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1..

Alliance Trust PLC : Net Asset Value(s)

24/08/2016 13:24:17
ALLIANCE TRUST PLC                                    At the close of business on Tuesday 23 August 2016: The Company's NAV per ordinary share..

HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc

24/08/2016 10:57:31
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
ONE Savings Bank PLC : Interim report for the six months ended 30 June 2016
2
Solvay doubles carbon fiber manufacturing capacity for aircraft structural applications with new U.S. production line
3
2016 Half-Yearly Results
4
Lubrizol to Exhibit at Northwest Apparel and Footwear Materials Show
5
Cnova N.V. files Transaction Statement on Schedule 13E-3 with U.S. Securities and Exchange Commission

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   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 August 2016 18:52:00
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160823.1 - EUROWEB6 - 2016-08-24 19:52:00 - 2016-08-24 18:52:00 - 1000 - Website: OKAY