Study: CEO confidence declines to lowest level in a decade
CEOs have grown more pessimistic about current economic conditions, with only 8% saying conditions are better compared to six months ago, down from 13% last quarter.
The confidence level of chief executive officers remained unchanged at 43 in the second quarter of 2019, but declined to a reading of 34 in the third quarter (a reading of more than 50 points reflects more positive than negative responses), according to a study released by The Conference Board, New York.
Results from this study, “Measure of CEO Confidence,” indicate the lowest reading since Q1 2009 when the measure was at 30.