• CEO confidence slips a bit

    A survey of over 100 CEOs by The Conference Board finds their confidence in the U.S. economy dipped to 70% in the second quarter after surging to 73% in the first quarter of this year. However, the Board stressed a reading of over 50 reflects more positive than negative indicators. The CEOs’ overall assessment of current conditions remained positive, holding steady at 78%. More than 90% of CEOs claim
    July 8, 2004
    A survey of over 100 CEOs by The Conference Board finds their confidence in the U.S. economy dipped to 70% in the second quarter after surging to 73% in the first quarter of this year. However, the Board stressed a reading of over 50 reflects more positive than negative indicators.

    The CEOs’ overall assessment of current conditions remained positive, holding steady at 78%. More than 90% of CEOs claim current economic conditions have improved, the same as last quarter.

    In assessing their own industries, the measure edged up to 72 from 71. More than 70% said conditions are better now compared to six months ago, the Board’s survey found.

    But in looking ahead to the next six months, CEO expectations are more subdued than last quarter, with their outlook for the economy dipping to 68 in second quarter from 72 in the first quarter. However, about 88% of the chief executives surveyed expect profits to rise, up from a year-ago reading of 65%.

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from News

    Josh Fisher | FleetOwner
    On-highway diesel pump prices sat at $3.775 per gallon, up from June 16’s $3.571 average. While it didn’t see the same price hike, average U.S. gasoline prices also increased by more than 7 cents this week, according to EIA, which tracked the fuel at $3.213.
    Middle East conflict helps fuel pump price surges nationwide. Gas is up to $3.213 per gallon; diesel is $3.775, but analyst doesn’t expect ‘apocalyptic spikes’ to continue.
    Yevheniia Ryzhova | Dreamstime.com
    Why Clear Communication is Key to Retaining Happy, Motivated Drivers
    Drivers want to be seen. Supported. Heard. And they can tell when it’s genuine and when it’s just for show.
    J.B. Poindexter & Co.
    DCBM brand ambulances
    Parent company of work truck upfitting giants Reading Truck and Morgan Olson expands into the emergency vehicle market with the addition of one of North America’s largest ambulance...