The Conference Board’s recently released Measure of CEO Confidence indicates the nation’s CEOs are concerned about the current economic climate, but optimistic about the future and are expecting profit increases over the next year.
The current CEO confidence level is 55, which is still positive, but down from the 67 recorded last quarter.
Lynn Franco, director of The Conference Board Consumer Research Center, said CEO confidence was in line with the state of the economy but that optimism for the next year remains strong.
“Regarding the outlook for profits over the next 12 months, the news was a bit more favorable, with about 70 percent of CEOs anticipating profit increases,” Franco said.
Of the chief executives who expect a rise in profits, the report finds 57 percent expect market and demand in growth to be the catalyst.
While IT consulting jobs and other positions in that industry remain unpredictable, the Consumer Electronics Association Index reports that consumer confidence in technology increased this past month despite consumer confidence declining overall.
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