Global – CEO confidence posts sharp rebound

Filed under: News |

By (Craig Johnson)

CEO confidence rose sharply in the fourth quarter after a slight retreat in the prior quarter, according to The Conference Board’s measure of CEO confidence. In the fourth quarter, the measure jumped to a level of 65, up from 50 in the third quarter of 2016.

A reading of more than 50 reflects more positive than negative responses.

“CEO confidence surged in the final quarter of 2016, reaching its highest level in nearly six years,” said Lynn Franco, director of economic indicators at The Conference Board.

Globally, CEOs’ assessment of current conditions improved for most economies, with the United States posting the largest gain. CEOs’ assessment of conditions in India was unchanged, but remained positive.

CEOs are significantly more optimistic about short-term prospects for the United States following the presidential election. Their expectations for Brazil and Europe have turned slightly positive. Expectations for China and Japan remain neutral.

Survey results were fielded from mid-November to mid-December 2016.

Source:: Staffing Industry Analysts Daily Newsfeed


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