Business optimism is still on the rise thanks to strong economic indicators and pro-growth policies, according to a survey conducted by the Business Roundtable, a lobbying group that represents CEOs of large U.S. companies.
The fourth-quarter CEO economic outlook index that tracks projections for sales, investments, and hiring, reached 96.8, the highest level in nearly six years.
According to the survey conducted in November, 76 percent of CEOs said they expect their sales to increase in the next six months.
The survey also found that 49 percent of CEOs expect to increase their capital spending, while 43 percent plan to hire more people.
“This business confidence rests on the pro-growth economic agenda of policymakers,” Dimon stated.
“To continue this momentum, it is critical that we enact pro-growth tax reform that will level the playing field for U.S. business to be globally competitive,” said Dimon.
Business leaders are also speaking out in favor of the deregulation efforts of the Trump administration.
“The easing of cost pressures tied to regulation has contributed to continued confidence in the economy,” stated Joshua Bolten, Business Roundtable president and CEO, in the report.