The Chief Executive magazine CEO Confidence Index continued its streak of losses in July and fell 2.3 points to 82.2, reaching its lowest point since 2002, when it started at 100 points. The survey was conducted among 338 top executives.
All component indexes fell in July as well except for the Employment Confidence Index, which rose by just two points. Even though this index was in the black, a high level of c-suite pessimism persists. Fifty-two percent of CEOs polled said they expected employment to decrease over the next quarter.
The Investment Confidence Index, which measures CEO confidence in domestic investment conditions, hit a new historic low in July. CEOs expect the economy to gradually decline rather than gradually grow by a margin of 3:2. Furthermore, five percent of respondents expect rapid decline, while none expect rapid growth.
For additional information regarding the confidence of public- and private-company CEOs, details about CEO attitudes on employment, investment and business conditions, see the full report at www.chiefexecutive.net/ceoindex .
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