CEO Confidence Declines Slightly - KMPH FOX 26 | Central San Joaquin Valley News Source

CEO Confidence Declines Slightly

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Conference Board

NEW YORK, July 9, 2014 /PRNewswire/ -- The Conference Board and PwC Measure of CEO Confidence™, which had increased in the first quarter of 2014, declined slightly in the second quarter. The Measure now reads 62, down from 63 last quarter (a reading of more than 50 points reflects more positive than negative responses).

Says Lynn Franco, Director of Economic Indicators at The Conference Board: "CEOs are slightly less confident than in Q1, as both their assessment of current and expected conditions edged down. However, four out of every five expect profits will increase over the coming year, with market/demand growth the primary driving force."

CEOs' assessment of current economic conditions was considerably less favorable. Now, 46 percent claim conditions are better compared to six months ago, down from 54 percent in the first quarter.  However, business leaders' sentiment regarding conditions in their own industries edged up slightly, with 48 percent saying conditions in their own industries have improved, compared with 47 percent last quarter.

CEOs' expectations regarding the short-term outlook pulled back slightly in the second quarter. Currently, approximately 53 percent of business leaders anticipate economic conditions will improve over the next six months, down from 60 percent last quarter. Expectations for their own industries are less upbeat, with 46 percent of CEOs anticipating an improvement, down from 52 percent in the first quarter. 

Global Outlook

CEOs are more positive in their assessment of current economic conditions in Europe and Japan, but slightly less positive than last quarter regarding conditions in the United States. Sentiment regarding conditions in India increased the most, but overall remains neutral (a reading of 50). Conditions in China and Brazil remain in negative territory, despite a slight uptick.

Looking ahead, short-term expectations for the United States and Europe edged down slightly. Expectations for China and Japan improved, while sentiment regarding India's short-term outlook surged into positive territory. Expectations for Brazil did not change and remain moderately pessimistic.

Market/Demand Growth Will Drive Profits

Regarding profit expectations over the next 12 months, 80 percent of CEOs expect increases. Executives in the durable and non-durable industries are the most optimistic, with about nine out of ten expecting profits to rise. About 76 percent of CEOs in the service industry expect an increase in profits.

Among chief executives who expect profits to rise, 56 percent say market/demand growth will be the primary driving force, while 27 percent cite cost reductions and an additional 9 percent each say new technology or price increases will serve as the main source of improvement.

Survey results were fielded from mid-May to mid-June 
Source: CEO Confidence Survey 2nd Quarter 2014
The Conference Board 

www.conference-board.org

Follow The Conference Board 
Twitter | Facebook | LinkedIn

©2012 PR Newswire. All Rights Reserved.

  • Local NewsLocal NewsMore>>

  • Former 'Cops' TV Show Crew Member Talks About Omaha Police Shooting

    Former 'Cops' TV Show Crew Member Talks About Omaha Police Shooting

    A crew member for the TV show "Cops" died after he was shot by police while filming Omaha, Nebraska officers responding to an armed robbery Tuesday night.Police say 38-year-old Bryce Dion, a sound man working for the showwas shot once during a shootout between three officers and one suspect in a Wendy's restaurant.News of the shooting hits close to home here in the valley.Several former television news photographers went on to work for the show at one time or another.Many were recruited by o...More >>
    A crew member for the TV show "Cops" died after he was shot by police while filming Omaha, Nebraska officers responding to an armed robbery Tuesday night.Police say 38-year-old Bryce Dion, a sound man working for the showwas shot once during a shootout between three officers and one suspect in a Wendy's restaurant.News of the shooting hits close to home here in the valley.Several former television news photographers went on to work for the show at one time or another.Many were recruited by o...More >>
  • SCAM ALERT: Thieves Are Targeting The Elderly, How To Avoid Being A Victim

    SCAM ALERT: Thieves Are Targeting The Elderly, How To Avoid Being A Victim

    There's another scam alert you need to be aware of. This one involves thieves telling elderly victims they won a million dollars and then taking their money instead.
    More >>
    There's another scam alert you need to be aware of. This one involves thieves telling elderly victims they won a million dollars and then taking their money instead.

    More >>
  • Clovis Unified Baseball Coach Recovering From West Nile

    Clovis Unified Baseball Coach Recovering From West Nile

    Clovis Unified Teacher and Coach Tim Thiessen has been in the fight for his life against the West Nile Virus. But he's on the mend and KMPH Fox 26 News spent Wednesday afternoon talking about his recovery at San Joaquin Valley Rehabilitation Hospital."Well I'm coming back. Praise God I'm coming back." Thiessen is a man of faith who spent nearly the entire month of August battling West Nile. Thiessen was in Southern California at a baseball clinic when he began to feel ill. "The ceiling starte...More >>
    Clovis Unified Teacher and Coach Tim Thiessen has been in the fight for his life against the West Nile Virus. But he's on the mend and KMPH Fox 26 News spent Wednesday afternoon talking about his recovery at San Joaquin Valley Rehabilitation Hospital."Well I'm coming back. Praise God I'm coming back." Thiessen is a man of faith who spent nearly the entire month of August battling West Nile. Thiessen was in Southern California at a baseball clinic when he began to feel ill. "The ceiling starte...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KMPH. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.