Business Roundtable CEO Economic Outlook Index Rises in Q1 2026

CEOs Report Stronger Plans and Expectations for Sales and Capex Over the Next Six Months

Washington – Business Roundtable today released its Q1 2026 CEO Economic Outlook Survey, a composite index of CEO plans for capital spending and employment and expectations for sales over the next six months.

The overall Index increased by nine points from last quarter to 89, above its long-term historic average of 83. CEOs reported higher numbers across all three subindices. Notably, the capex and sales subindices are in expansion territory while the employment subindex is neutral.

This quarter’s survey was in the field from February 23 through March 6, 2026. For context, the U.S. Supreme Court decision on the International Emergency Economic Powers Act tariffs was on February 20, and the ongoing military operation in Iran began on February 28. In total, 169 CEOs completed the survey.

“The survey shows stronger CEO expectations for sales and capital investment over the next six months, despite global uncertainty. The results point to the impact of last year’s tax reforms, responsible deregulation and the resilience of the U.S. economy,” said Business Roundtable Chair Chuck Robbins, Chair and Chief Executive Officer of Cisco. “We look forward to continuing our work with the Trump Administration and Congress in the months ahead to advance policies that will drive long-term growth.”

The Survey’s three subindices were as follows:

• Plans for hiring increased 9 points to a value of 50.
• Plans for capital investment increased 12 points to a value of 91.
• Expectations for sales increased 6 points to a value of 126.

Values above 50 signal growth, while values below 50 signal contraction.

“This quarter’s survey shows a notable improvement in CEO sentiment,” said Business Roundtable CEO Joshua Bolten. “The rise in the headline index is encouraging, especially the solid gains in sales and capex, but the employment picture remains a concern, with as many CEOs planning to reduce employment as increase it. Policymakers can help strengthen economic and employment conditions by reforming permitting and providing greater certainty on trade, including extending the U.S.-Mexico-Canada Agreement.”