April brought an upswing in CEO sentiment, according to Chief Executive's CEO Confidence Index. The Index rose 3.3% to reach 6.22 out of 10. More than two thirds of CEOs (68.1%) foresee an economy that is 'good' or better over the next 12 months.
After rising spirits in January and February 2011, CEOs were feeling less optimistic in March. Chief Executive's CEO Confidence Index was down 5.8% from February, settling at a 6.02 out of a possible 10. The reason? Political uncertainty both domestically and abroad.
Continuing its upward trend, the Index is up 1.02% from its three and a half year high in January, reaching a score of 6.39 out of a possible 10. Over 70% of the CEOs surveyed predict that business conditions will be at least ‘good’ moving forward.
CEO confidence is at its highest point since July 2007. The Index rose to 6.25 out of 10 in January — 6.9% higher than the previous month. Over 68% of the 377 CEOs surveyed rated their expectations for business conditions as at least 'good.'
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