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
25 Apr
BIOPOR
  Ønsket har i mange år været at få de store diagnostiske producenter i verden  til at distribuere N..
29
26 Apr
FING-B
Jeg giver dig ret, Taastrup. Alle jer der konstant har travlt med at nedgøre Taastrup - I skulle..
26
30 Apr
OMXC20CAP
Sell in may, and go ...   Det er blevet tid til en mindre opdatering. Jeg har været bortrejst, og sa..
20
28 Apr
BAVA
Så fik jeg pløjet data ind i et excelark, og her er konklussionerne:   data kommer fra et forsøg, hv..
18
28 Apr
MAERSK-A
Københavns Kommune agter jfr DR.DK + i Børsen.dk 27/4 at sælge sine Mærsk aktier pga , at mærsk ikke..
14
26 Apr
SUNEQ
Dommer Stuart Bernstein som styre Chapter 11 retssagen ved U.S. Bankruptcy Court på Manhattan’en hav..
14
27 Apr
FING-B
CrowHater   Fingerprint Cards / Crowhater / Analytiker har noll förståelse för pengar... I dag 10:48..
12
26 Apr
FING-B
Hej x   Ja markedsdeltagerne er uenige.   Du gør mig opmærksom på analytikernes kursmål.   Hvad er e..
11
10:04
 
“The Big Five” hvor en er « gone missing»                  Ifølge det dokumnentet (DIP dokumentet), ..
10
30 Apr
MAERSK-B
He he ...   Dit altid lyse sind er en fornøjelse at være i nærheden af overlaar !!   Du fortalte i e..
10

Rathbone Brothers Plc : Director/PDMR Shareholding

29/04/2016 15:31:03
Rathbone Brothers Plc Director and PDMR Shareholding The Rathbone Savings Related Share Option Plan On 29 April 2016, options over Rathbone Brothers ..

Novae Group plc: Holdings in Company

29/04/2016 12:41:31
  TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi   ..

Majedie Asset Management Ltd : Form 8.3 - HOME RETAIL GROUP

29/04/2016 10:35:51
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTI..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Norske Skog: Publication of the annual report for 2015
2
NetBooster GROUP : Consolidated Annual report 2015
3
CORRECTION: EAM Solar ASA : Annual Report 2015
4
European Energy A/S: Annual Report for 2015
5
EAM Solar ASA : Annual Report 2014

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.
 
01 May 2016 20:22:48
(UTC) Dublin, Edinburgh, Lisbon, London
Version: ReleaseBuild_20160421.1 - EUROWEB6 - 2016-05-01 21:22:48 - 2016-05-01 20:22:48 - 1000 - Website: OKAY