From small firms to corporate titans, U.S. businesses are bullish about the economy and their own plans, betting on tax cuts and other pro-growth policies from the Trump administration, a pair of surveys showed Tuesday.
Small business optimism dipped in February, but from a 12-year high, the National Federation of Independent Business reported. Its index fell 0.6 point to 105.3. Meanwhile, the Business Roundtable CEO Economic Outlook Index shot up 19.1 points in the first quarter to 93.3, the highest since Q2 2014. It was the biggest quarterly jump since the end of 2009, when corporate America was just emerging from the Great Recession.
“I am enthusiastic about the opportunity to enact a meaningful pro-growth agenda that will benefit all Americans, said JPMorgan Chase CEO Jamie Dimon, who’s also chairman of Business Roundtable.
Business Roundtable includes CEOs of many of the largest U.S. companies, including Dow Jones industrial average components JPMorgan Chase (JPM), Boeing (BA), 3M (MMM), Caterpillar (CAT), DuPont (DD), Exxon Mobil (XOM), Wal-Mart (WMT) and more. With the Dow industrials up nearly 14% since the election, CEOs only have to look at their own stock options to feel more optimistic.
The Business Roundtable CEO survey found the big CEOs are ramping up hiring and capital spending plans for the next six months, with expectations of higher sales.
In a special question, 52%
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