CEO Confidence Measure Unchanged in Second Quarter, Conference Board Reports
07/14/2010
"CEOs' confidence held steady in the second quarter and expectations signal no change in the pace of economic growth in the coming months," said Lynn Franco, director of The Conference Board Consumer Research Center. "The outlook for corporate profits remains optimistic, with almost half saying market/demand growth will be the principal driving force."
Sixty-seven percent of CEOs said economic conditions have improved compared to six months ago, a drop from 71 percent last quarter. But 61 percent said conditions in their own industries were better, an increase from 59 percent.
CEOs seem to be more cautious, with 48 percent saying the economy will improve over the next six months, a drop from 52 percent last quarter. Nearly three-quarters expect profits to rise over the next year, with those in the durable goods industry most optimistic. Nearly half of CEOs said market and demand growth will lead the profit rise.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024