Chief executives in the U.S. appear more confident in the economy than they were one year ago, reflecting a slew of recent good news regarding employment projections, manufacturing activity and consumer spending.
According to a survey by staffing and tech firm Polachi, 71 percent of CEOs are more optimistic about the national economy than they were last year. Out of respondents, 58 percent expect to hire this year, and only 4 percent expect economic growth to slow this year, compared to the 86 percent anticipating expansion.
"We've seen considerable improvements in the economy and our survey reveals that companies are expecting the rebound and economic growth to continue," said Charley Polachi, a partner at Polachi. "Businesses and CEOs are feeling more and more confident and thus adding people to their payroll to support their business growth."
Many analysts are pointing to the presidential election this November as likely to have a profound impact on the course of the economy. In fact, 22 percent of chief executives claimed they expect this year's election to positively impact their business.