Chief executives of the nation's fastest growing private companies expect a significant increase in productivity over the next 12 months, with most of the credit going to workforce efficiencies and technology improvements, and some attributed to good old-fashioned restraint, according to a survey by PricewaterhouseCoopers.

Among 364 CEOs at privately held product and service companies with from $5 million to $150 million in revenue, 60 percent expect that their company's productivity will increase, according to the latest PwC Trendsetter Barometer. Among that group, 21 percent say that growth will be "much greater," while an additional 39 percent say "somewhat greater." Thirty-seven percent expect that productivity will stay about the same, and 2 percent say that it will be somewhat lower.

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