NEW YORK – For the second consecutive quarter, the number of CEOs who feel optimistic about the economy declined in the Conference Board’s Measure of CEO Confidence.
During Q3 the Measure read 42, down from 47 in Q2 (a reading of more than 50 points reflects more positive than negative responses).
“This latest report reflects ongoing concern about the strength of the economy,” said Lynn Franco, director of economic indicators at the Conference Board.
Just 9% of CEOs in the survey indicated conditions have improved over the past six months, down from 17% in Q2. CEOs were especially bearish in forecasting economic growth over the next six months.