Chief executives across the United States are less confident about the state of the economy now than they were in the first quarter of this year, The Conference Board reports today in its latest survey of CEOs.
The CEO Confidence Measure fell to 55 in the second quarter, after registering 62 in the first quarter of this year. A reading of more than 50 points reflects more positive than negative responses. The survey includes about 100 business leaders in a wide range of industries.
“While overall confidence remains relatively positive, the latest reading reflects growing concerns that U.S. economic growth may be slowing down,” says Lynn Franco, Director of The Conference Board’s Consumer Research Center. “And, while the outlook for corporate profits remains optimistic, rising interest rates and oil prices may curb business leaders’ projections.”
See full Article.
Posts
