Confidence in U.S. economy retreats among small biz CEOs, according to Dec. 2018 WSJ/Vistage survey
A significant percentage of small business CEOs anticipate that the U.S. economy will weaken in 2019, according to the latest results of the WSJ/Vistage Small Business CEO Survey.
The survey, conducted from December 3-10, 2018, captured the opinions of 633 small-business CEOs. One-third (33%) of survey respondents said that they expect economic conditions to worsen in the year ahead, compared to 26% one month ago and 11% one year ago. Only 15% said that they expect economic conditions to improve, compared to 20% one month ago and 44% one year ago.
“In only one other survey—since the WSJ/Vistage Small Business Survey first began in mid-2012—did firms express less optimism about growth prospects,” said Dr. Richard Curtin, a researcher from the University of Michigan who analyzed the survey results. “That occurred in November 2012, which followed the presidential election and a split Congress.”
Download the report to learn more about the survey results, including:
• Trends in the WSJ/Vistage Small Business CEO Confidence Index
• Hiring and investment plans of small business CEOs
• Profit and revenue expectations for 2019
• Factors contributing to economic expectations