Survey: US company executives have reduced confidence in US economic confidence

Xinhua News Agency, Beijing, July 1st, the Federal Reserve Bank of the Federal University of Duke University in the United States, Richmond and Atlanta issued a joint quarterly investigation on June 29, showing that senior US financial industry managers have become more pessimistic about the US economy. A confidence index fell to the lowest level in 12 years.

Wall Street signs next to the New York Stock Exchange taken on October 30, 2020. Xinhua News Agency reporter Wang Yingwang

The survey was conducted from May 25th to June 10th and asked 320 US chief financial officers' expectations for the US economy.

These chief financial officers generally expect that the company will face higher prices and cost pressures. It is expected that the actual GDP in the United States will increase by 1.5%in the next 12 months, which is lower than the expected increase in the first quarter of this year.

The survey results show that in the next year, the average probability of negative economic growth in the United States was 21%, while the data was 12%in the last quarter.

The "Chief Financial Officer Optimization Index" was 50.7 this quarter, the lowest level since the end of 2012. This index was 60.3 in the fourth quarter of last year, and 54.8 in the first quarter of this year, showing a continuous decline.

"The price pressure has increased, the actual income growth has stalled, and the optimism of the overall economy has decreased significantly," said John Graham, a professor of financial professors and academic directors surveyed by Faka Business School, said, "currency tightening is the economic outlook for economic outlook One of the main factors of worsening. "

The Federal Reserve announced on June 15 that the 75 -basis point of interest rate hikes was the maximum rate of interest rate hikes since 1994, and it may increase interest rate hikes 50 or 75 basis points in the future. Cleveland Federal Reserve Bank President Loritita Mest admitted that the US economy had a recession risk at a forum on the 28th, and the Federal Reserve raised interest rates "to start.

This is the Federal Reserve building taken in Washington, USA on June 22. Xinhua News Agency reporter Liu Jie

Morgan Chase Bank released a survey results conducted from May 25 to June 10 on the 28th, showing similar results of similar confidence. The survey shows that the proportion of CEOs, chief financial officers and other senior managers of 1,500 Chinese -style enterprises in the United States holds an optimistic attitude towards the US economic prospects in the next year. The lowest level since 2010.

In the Morgan Chase survey, 71%of executives said that rising costs and high inflation are the biggest challenges facing enterprises. 80%of executives said they would continue to increase the price to slow down cost pressure.

In addition, the final correction data released by the US Department of Commerce on the 29th showed that the actual domestic product of the United States in the first quarter of this year calculated by 1.6%at an annual rate of 1.6%, which was 0.1 percentage points from the previously announced correction data. In the first quarter, American personal consumption expenditure increased by 1.8%at an annual rate, which was 1.3 percentage points lower than the previous correction data. Bloomberg interpreted that the growth of consumption expenditure has slowed significantly, showing that the foundation of the US economy is weaker than expected. (Hu Ruoyu)

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