CEOs and the businesses they lead have endured many ups and downs over the last few months, from global economic distress in places like Greece and China, to increasing terrorist concerns worldwide, a strong U.S. dollar, low oil and gas prices, increased healthcare and staffing costs, and more. So it’s not altogether unexpected that CEOs’ confidence is down slightly from the beginning of the year, when prospects for future business were stronger.
CEOs collectively reported a 6.33 out of 10 points in July, compared with 6.71 out of 10 for January.
When looking longer term, across the last five years for the month of July, CEO Confidence shows a gradual but steady increase every year.