CEO Confidence Ticked Down Slightly in Q2
NEW YORK, May 4, 2023 /PRNewswire/ -- The Conference Board Measure of CEO Confidence™ in collaboration with The Business Council declined slightly to 42 in Q2 2023, down from 43 in the first quarter of the year. The Measure is still below a reading of 50, which suggests CEOs remain largely pessimistic about what's ahead in the economy. (A reading below 50 reflects more negative than positive responses.) A total of 139 CEOs participated in the Q2 survey, which was fielded from April 10 through 24.
- ) A total of 139 CEOs participated in the Q2 survey, which was fielded from April 10 through 24.
- "After improving sharply to start the year, CEO confidence ticked down slightly in Q2 and remains firmly in negative territory," said Dana M. Peterson, Chief Economist of The Conference Board.
- At the same time, CEO confidence remains appreciably higher than the depths seen last year.
- CEOs' assessment of general economic conditions was slightly better in Q2:
17% of CEOs said economic conditions were better compared to six months ago, slightly higher than 16% in Q1.