The CEO Confidence Index dropped 6.6% in October to 2012's new low: 5.11 out of a possible 10. It is apparent that September's 2.5% rise to 5.47 was momentary; the October drop fits an overall downward trend in confidence that has pervaded most of the year.
The CEO Confidence Index, Chief Executive's monthly gauge of CEO expectations for overall business conditions over the next twelve months, rose 2.5% in September to 5.47 from August's 5.34, out of a possible 10.
The CEO Confidence Index fell just 0.3% in August to 5.34 out of a possible 10 from July's 5.36. The Index is now down 11.4% from its 2012 high of 6.03 in February. CEOs of small businesses have even less confidence than their bigger business counterparts.
The CEO Confidence Index rose 1.7% in May to 5.96 out of a possible 10. This increase in expectations comes after a decline in CEO confidence in both March and April. The Index is up 3% for the year.
The CEO Confidence Index gained 4.3% in February, landing at 6.03 out of 10. This is the first time that the Index has ventured above 6.0 since May of 2011. One especially encouraging metric is hiring; over 45% of CEOs expect to expand their workforce over the next 12 months.
The CEO Confidence Index continues to rise, landing at 5.78 out of 10. The Index hasn't been this high since May of 2011, and some CEOs indicate that business conditions are better than the media lets on.
December saw a 4.9 percent increase, but fewer CEOs are expecting an increase in revenues, profits and capital expenditures. As one CEO put it, “Uncertainty is the watch word.”
Confidence is on the upswing in November with a 7.1 percent jump in expected improvement for overall business conditions. Optimism is up in terms of revenues, profit, and capital expenditures. Over 40 percent of CEOs plan to increase hiring.
The CEO Confidence Index leveled out at 4.88 out of 10 after a steady decline through 2011. Almost half of CEOs expect not to do any hiring over the next 12 months. Fifty-four percent expect to see an increase and revenues and 46 percent expect to see an increase in profits.