CEOs Getting Confidence Back

CEOs Getting Confidence Back: "July 09, 2009
CEOs Getting Confidence Back

Excerpts:

CEOs are much more optimistic about the economy’s future than six months ago in several key areas, according to a survey of 100 CEOs by the Conference Board Measure. The measure moved to 55 this quarter from 30 last quarter but the measure still shows the economy is weak.

When assessing current economic conditions, their own industries and profits more CEOs were more optimistic in the second quarter. A majority of business leaders expect economic conditions to improve in the next six months. However, CEOs disagree about the main cause of profit growth whether it is cost reductions, increased demand, technology, or price increases.

CEO confidence had been steadily deteriorating since the first quarter of 2007. CEO confidence had plummeted to all time lows by the fourth quarter of 2008. The current survey shows the first overall uptick in all categories since the end of 2006."

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.