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Economics

Fewer U.S. CEOs Project Gains in Sales, Employment

Chief executive officers in the U.S. turned less optimistic in the third quarter as fewer projected sales and hiring will improve, a survey showed.

The Business Roundtable’s economic outlook index fell to 86 in the July-to-September period, the first decrease since the beginning of 2009 when the gauge dropped to a record-low of minus 5, the Washington-based group said today. Readings higher than 50 coincide with an economic expansion. The gauge fell from a second-quarter reading of 94.6, the highest since 2006.