Survey: CEO confidence holds steady


The WSJ/Vistage Small Business CEO Confidence Index for October 2016 revealed that confidence in the economy among small business firms has meandered sideways in a virtual holding pattern during the past three months. The widely expected revival in growth of the economy above its 1% pace has apparently been overwhelmed by economic uncertainties generated by the U.S. presidential campaign.OctSurveyPart1edit

 

The WSJ/Vistage Small Business CEO Confidence Index was 96.7 in the October 2016 survey, just a few tenths lower than the 96.9 in September and a few tenths higher than July’s 96.3. About half the CEOs polled expect the U.S. economic conditions to remain the same for the coming year.

 

 

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Less than half of CEOs polled revealed plans to increase their investment expenditures in the coming year. This unenthusiastic response reflects the lowest percentage since January 2013.

 

 

 

 

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Just over half (52%) of the CEOs surveyed plan on ramping up their hiring for next year. At about this time last year, 55% of CEOs were planning to hire more staff.

 

 

 

 

 

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Despite these responses, more than 2/3 of CEOs expect to realize increased revenues, and more than half are anticipating greater profits than last year.

 

 

 

 

Click here for the full survey. 

Check out the interactive results here. 

 

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