On October 1, I wrote a post about the Business Roundtable’s CEO Economic Outlook Survey and the Duke/CFO Magazine Global Business Outlook Survey.
Subsequent to that post, the Conference Board released its 3rd Quarter CEO Confidence Survey. The overall measure of CEO Confidence was at 50, down from 62 in the second quarter.
There are a variety of notable survey results. Here is an excerpt I find particularly interesting:
"Less than one-third say conditions have improved compared to six months ago, down from about two-thirds last quarter. In assessing their own industries, business leaders’ appraisal was also considerably less positive. Now, only 38 percent say conditions are better, compared with 61 percent last quarter.
CEOs are much more pessimistic about the short-term outlook. Only 22 percent of business leaders expect economic conditions to improve in the next six months, down from 48 percent last quarter. Expectations for their own industries are also downbeat, with about 28 percent of CEOs anticipating an improvement in the months ahead, down from 43 percent last quarter."
A Special Note concerning our economic situation is found here
SPX at 1173.71 as this post is written