CEO Confidence Is Down Slightly in June From May
CEO CONFIDENCE INDEX, JUNE 2014: CEOs are slightly less confident in June than they were in May about their companies’ growth prospects in the year ahead.
June 19 2014 by ChiefExecutive.net
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CEOs surveyed in June, 2014 were slightly more optimistic than those surveyed in May (5.98 vs. 6.16) about their business’ growth possibilities, according to Chief Executive’s latest CEO Confidence Index.
Fully 25% of survey respondents anticipate revenue growth at or beyond 20%, while 16.3% expected no change at all. The largest growth anticipated was in the 10% range with nearly half (44%) anticipating the cautious gain. Just 2% expect revenues to drop.
Roughly 12% of CEOs surveyed expect profits to grow more than 20%, while 33% said they anticipate gain in the area of 10%. Approximately 16% of CEOs expect profits to be flat over the next 12 months, while less than 3% are expecting profits or capital expenditures to fall.
Employee headcount will be stable for a large part of survey respondents. Roughly 40% expect no change in their number of employees or their capital expenditures, while about 12% foresee their number of employees dropping between 10% and 20%.
Legend: 10 – Excellent, 8 – Very Good, 6 – Good, 4 – Weak, 2 – Poor