CEO Optimism Rebounds in August Poll
They are anticipating good business conditions to continue into 2024
Besides Fitch’s downgrade of the U.S. government debt rating last week, not much has changed in the business landscape since we last polled CEOs in early July, when the Fed announced its 4th rate hike this year. Yet, when we asked CEOs on August 1-2 to rate what they believe business conditions will look like 12 months from now, their outlook was more positive than it had been just one month prior.
After retracting 6 percent in July, Chief Executive’s CEO Confidence Index reading for August shows a 3 percent improvement in CEOs’ one-year forecasts for business, compared to July.
At 6.4 (measured on a 10-point scale where 10 is Excellent and 1 is Poor), our leading indicator is at its second highest level of the year.
Please select this link to read the complete article from Chief Executive.