Roundtable report remains optimistic

first_img-###- Businessexecutives are optimistic about capital expendituresSouth Burlington, VT – Resultsfrom the Vermont Business Roundtable’s Second Quarter, 2006 CEO EconomicOutlook Survey, show that business executives are expecting increases incapital spending over the coming six months. Sales and employmentlevels are expected to remain level with reporting from last quarter.Jim Daily,President of Porter Medical Center said, “Porter Hospitalis in the midst of a $16.4 million modernization project with the first phasedue to be complete in November of this year. Over the next several months,we will be acquiring the new equipment and furnishings for our new North Wingper our plans, which will result in a new Birthing Center and Department ofSurgery.”Conducted inthe month of April, the Roundtable’s CEO Economic Outlook Survey enjoyed a highresponse rate with 68% of the membership responding. The key findings of thesurvey include the following details:78% of responding CEOs expect an increase in consumer sales, 22% see no change, and 0% anticipates a decrease. [First Quarter Results: Increase 78%, No Change 20%, Decrease 2%]53% expect capital spending to increase in the next six months, 40% see no change, and 7% anticipate a decrease. [First Quarter Results: Increase 45%, No Change 45%, Decrease 10%]50% expect employment to increase, 45% see no change, and 5% anticipate a decrease. [First Quarter Results: Increase 54%, No Change 39%, Decrease 7%] v\:* {behavior:url(#default#VML);}o\:* {behavior:url(#default#VML);}w\:* {behavior:url(#default#VML);}.shape {behavior:url(#default#VML);}st1\:*{behavior:url(#default#ieooui) } TheRoundtable is composed of 115 CEOs of Vermont’stop private and nonprofit employersdedicatedto making Vermont the best place in Americato do business, be educated, and live life.Memberbusinesses employ over 49,000 employees in virtually every county across Vermont.center_img According to Roundtable President Lisa Ventriss,“The increased investments from within the Roundtable’smembership over the coming 6 months will occur in the area of capitalexpenditures. In part, this is explained by continuing challenges frominadequate workforce capacity, so companies are investing in their physicalplants and infrastructure to maintain productivity. For Immediate Release May 1, 2006 Contact: Diana McNally(802) 865-0410Vermont Business Roundtable Releases SecondQuarter, 2006CEO Economic OutlookSurvey Resultslast_img

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