October 2016: CEO Confidence Holding Steady as Countdown to Election Begins
Lynn Russo Whylly
CEO confidence in business conditions 12 months from now remained flat in October, registering a 5.90 on a scale of 1 to 10, compared with the same rating for September. (A 9-10 rating is excellent, while a 1-2 rating is poor.)
While the CEO Confidence Index increased 0.20 points in September, from 5.70 to 5.90, the flat rating in October is also a good sign, showing that the turnaround is remaining steady.
However, signs of progress will likely be slow, since 43.7% of CEO respondents are still projecting a less than 10% revenue growth over the next 12 months and a third expect the same for profits.
The number of CEOs who anticipate growth higher than 20% (12 months from now) in revenue, employees, capital expenditures or profit all remain in the single digits.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
0
