CEO Economic Outlook

Q2 2025 Vistage CEO Confidence Index Analysis

In This Report

This CEO Economic Outlook includes sentiment from CEOs of small and midsize businesses captured in June 2025, as well as analysis of trends in the latest Vistage CEO Confidence Index.

Depending on the source, the U.S. economy is either booming or on the brink of collapse. As always, reality lies somewhere in between.

Last December, optimism around a new administration’s business-friendly posture triggered a short-lived spike that reversed in March. CEO confidence has once again edged lower in June, with the Q2 2025 Index reading at 77.2, down 1.3 points from last quarter and 3.2 points below the 12-quarter average. The numbers suggest a return to the lower end of the post-pandemic range, with caution prevailing.

Here’s everything you need to know about the CEO Outlook in July 2025

About the CEO Confidence Index

Since 2003 the Vistage CEO Confidence Index has been the definitive voice of high-performing, high-integrity small and midsize business leaders. As a proven leading indicator, the Vistage CEO Index provides world-class insights that are relied on by chief decision-makers each quarter. Analysis by ITR Economics, an independent third party, has revealed that the Vistage CEO Confidence Index is a leading indicator of the U.S. Industrial Production Index 9 months in advance.

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