The Conference Board Measure of CEO Confidence increased to 64 in the fourth quarter of 2009, up from 63 in the previous quarter (a reading of more than 50 points reflects more positive than negative responses). This is the fourth consecutive quarterly increase. The figure stood at 24 one year ago.
"The continued improvement in CEO confidence suggests further economic growth in 2010," says Lynn Franco, Director of The Conference Board Consumer Research Center. "However, short-term expectations do not suggest a significant strengthening in the pace of growth."