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CEO confidence registers sharpest fall-off in a half-century, new survey finds
https://www.marketwatch.com/story/ceo-confidence-plummets-by-the-most-in-a-half-century-new-survey-finds-58253216?mod=mw_latestnewsBiggest decline since the survey — conducted by the Conference Board in collaboration with the Business Council — started in 1976
The Conference Board on Thursday said its measure of CEO confidence, conducted in collaboration with the Business Council, revealed a startling 26-point decline in the second quarter, the biggest since the survey started in 1976.
Given the commencement of trade hostilities and the huge amount of uncertainty in foreign and economic policy that have characterized the past few months, the lack of top-executive conviction should come as no surprise.
Just as damagingly, expectations for the future also deteriorated sharply, with more than half of respondents foreseeing worsening conditions over the rest of the year. The 133 CEOs who were canvassed replied between May 5 and May 19 — so in the two-week span that wrapped the May 12 announcement that the U.S. and China would reduce the large-scale new tariffs levied against each other.
The Conference Board on Thursday said its measure of CEO confidence, conducted in collaboration with the Business Council, revealed a startling 26-point decline in the second quarter, the biggest since the survey started in 1976.
Given the commencement of trade hostilities and the huge amount of uncertainty in foreign and economic policy that have characterized the past few months, the lack of top-executive conviction should come as no surprise.
Just as damagingly, expectations for the future also deteriorated sharply, with more than half of respondents foreseeing worsening conditions over the rest of the year. The 133 CEOs who were canvassed replied between May 5 and May 19 — so in the two-week span that wrapped the May 12 announcement that the U.S. and China would reduce the large-scale new tariffs levied against each other.
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