Top American business leaders are feeling most confident now about the U.S. economy under President Donald Trump.
The chief executive officers of some of the largest U.S. economies have not felt this hopeful in years since the last recession in 2009. The business leaders' confidence in the economy the past three months has jumped the highest. Confidence in sales, the labor market, and investment also rose well.
The Business Roundtable's CEO Economic Outlook Index released their survey on Tuesday. The survey showed that the index jumped 19.1 points to 93.3. The Index measures such economic factors as revenue, capital spending and employment.
The rise this year for the months of January to the current month is the highest recorded since 2009. It was higher than the average of 79.8 index points it has been getting the past one and a half year. A score of above 50 shows economic expansion.
The survey is another addition to a series of studies and surveys showing greater confidence among business officials and consumers about the U.S. economy under Trump.
Companies have said that they feel good about Trump's plans to cut corporate taxes, reduce regulations and invest in infrastructure. They are also waiting to spend more and hire more to improve the economy further.
Business Roundtable Chairman and CEO of JP Morgan Chade & Co. Jamie Dimon said that he is looking forward for the chance to have a pro-growth plan that will benefit all Americans.
141 CEOs took part in the survey done from February 8 to March 1. The business executives also said that tax reform is the best policy change the Trump administration can do to have the best environment for business.
Dimon also said that business leaders think the economy now is good and can even grow stronger.
Business Roundtable is made up of companies with more than $6 trillion in yearly revenue and with about 15 million employees.
President Trump has always said that improving the economy is his top priority. He wants a strong economy so Americans will have good jobs, and will get to keep their jobs.
