Melanie C. Nolen
CEO confidence in future business conditions fell 6% in August from July, according to Chief Executive’s most recent polling. At 6.2 out of 10 on our 1-10 scale, confidence is at its lowest level since October 2016.
President Trump’s escalation of the trade fight with China may have spooked global markets, but U.S. CEOs are taking it in stride so far, according to Chief Executive’s monthly reading of CEO confidence.
Chief Executive’s most recent reading of CEO confidence in current business conditions remains flat month-over-month, at 7.3 out of 10, while confidence in future conditions decreased slightly to 6.7/10, from 6.8 in February.
CEOs have revived optimism stemming from robust economic conditions, solid consumer demand, strong earnings, and easy access to capital.
With the lowest jobless rate since December 1969, companies have no choice but to shed outdated HR strategies and find new ways to attract and keep their most valuable asset.
After plunging to a two-year low in December, CEO confidence in future business conditions ticked up 2.5% in January to 6.6 out of 10, from 6.4 out of 10 in December.