Business

Study: Business executives more confident about the economy

Posted March 8, 2012

Economy

— Business executives are more optimistic about the future of the U.S. economy, according to a survey by the American Institute of Certified Public Accountants released Thursday.

The AICPA Economic Outlook Survey polled chief financial officers, controllers and other CPAs in executive and senior management roles about their thoughts involving the economy and their hiring plans in the next year. This is the second quarter where the survey found optimism on the rise. 

"Optimists now outnumber pessimists on the U.S. economy by an almost 2-to-1 margin, which is a striking change from six months ago," AICPA vice president for business, industry and government Carol Scott said in a press release. 

Business leaders were also looking to the future for their own companies. Fifty-five percent of those surveyed said they were optimistic or very optimistic about the outlook for their companies in the next year, the survey found. Last quarter, 45 percent indicated the same sentiments. 

"We still have a long way to go to feel really good about the economy, but all the arrows are pointing up," Teknor Apex Co. chief financial officer Jim Morrison said in a statement. 

Leaders are taking a cautious approach to hiring new staff in the coming year, with 14 percent saying they planned to add new employees immediately, the survey said. Fifty-seven percent of those surveyed felt their companies had enough workers. 

The technology industry is expected to see the largest boost in new jobs in the next year, according to the survey. Health care providers are projected to add the least. 

In addition to adding jobs, 61 percent of those surveyed said they expect to expand their businesses at least a little over the next year. 

The survey results come on the heels of a survey by Duke University and CFO Magazine that found that corporate chief executives planned to increase hiring by 2.1 percent this year. 

117 Comments

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  • Bill Brasky Mar 8, 1:46 p.m.

    "like obama trying to take credit for producing more oil than ever. He has closed tons of fed land oil production. The private sector is who is doing all the drilling, he has nothing to do with it."

    According to this Federal website there is more oil production then ever on Federal land.

    http://www.onrr.gov/ONRRWebStats/Disbursements_Royalties.aspx?report=AllReportedRoyaltyRevenues&yeartype=FY&year=2011&datetype=PY

  • casp3r Mar 8, 1:20 p.m.

    Ncgay I have no problem giving him credit for what he has done but to act like he ended the war all by himself is laughable.like obama trying to take credit for producing more oil than ever. He has closed tons of fed land oil production. The private sector is who is doing all the drilling, he has nothing to do with it.

  • muggs Mar 8, 1:15 p.m.

    With the advances in technology and one outdating the other making requirements for human involvement less and less soon we will be at the mercy of a computor generated society that will not require anyone to leave the confines of there own home,on line shopping and technology driven delivery,somewhat like the Jetsons we have outsmarted ourselves and eliminated our own need for hands on development,removed to not much more than worker bees for the menial task that are designated for us by that super technology giant floating over us in the outer atmosphere daring not to enter our polluted air space.

  • Bill Brasky Mar 8, 1:12 p.m.

    "Congress holds the purse strings do they not?"

    And what laws did they pass while Bush was president that caused the financial meltdown? Do you realize the mortgage bubble popped in early 2006, which in turn caused the stock market to collapse?

  • ncgayatheist Mar 8, 1:05 p.m.

    Ncgay you were giving obama credit for ending the iraq war. You are wrong and you know it. casp3r

    No I don't know it. What I do know is that it was bush who sat there when 9-11 happened, reading a story about goats to elementary school kids and not even jumping up when the news came in. No in fact he continued to read to the kids about goats while terrorists slammed into buildings. I do remember Newt being discredited when he was in office and I do remember that people were very fed up with how Republicans had caused our country to go into an economic tailspin. That is why Obama was elected, remember? Funny how revisionists now give Obama all the blame and none of the credit huh?

  • Bill Brasky Mar 8, 1:04 p.m.

    "To beat all the housing bubble started with bills signed by clinton.."

    Who's names were on that bill? Clinton is on record saying that it was a mistake for him signing that bill. I have yet to hear anything from Congress Republicans who wrote the bill, and signed it.

  • casp3r Mar 8, 12:57 p.m.

    Ncgay you were giving obama credit for ending the iraq war. You are wrong and you know it.

  • casp3r Mar 8, 12:54 p.m.

    Congress holds the purse strings do they not?

  • Hatchcover Mar 8, 12:50 p.m.

    Time and time again - Good news for the country and bad news for the President Obama hater!

  • ncgayatheist Mar 8, 12:49 p.m.

    First of all obama didn't brings troops home, casp3r

    Well he certainly didn't send them and break the economy with the cost of running the war. You should really learn reading comprehension as opposed to towing the right-wing propaganda.

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