Vistage Research Center

Get actionable, data-driven insights and expert perspectives from our global community of CEOs and thought leaders. Led by Joe Galvin, Chief Research Officer

CEO confidence rebounds, shows Feb. 2019 WSJ/Vistage small business survey


WSJ/Vistage CEO Confidence Index falls 21% in one year

Small business CEOs are slightly more optimistic about the economy than they were last month, according to the latest survey conducted by Vistage and the Wall Street Journal. However, confidence among CEOs is still significantly lower than last year.

Analysis of the survey, which captured input from 681 small business leaders from February 4-11, revealed that the WSJ/Vistage Small Business CEO Confidence Index was 99.8 in February, up from 95.2 in January. Despite this increase, the index is well below the 117.0 recorded last February.

Dr. Richard Curtin, an economist from the University of Michigan who analyzes the survey data each month, attributed the gain to two factors: the end of the government shutdown and delay by the Federal Reserve in raising interest rates. However, “the February rebound did not erase the longstanding decline in economic confidence among small firms, nor resolve uncertainties about future shutdowns or future Fed policies,” Curtain states. Indeed, the percentage of CEOs that felt the economy recently improved fell from 66% last February to 32% this February.

“Hopefully, the economy has moved past the shutdown disruptions, rate hikes will remain on hold and spring will finally bring an end to the Artic chill,” Curtin explains. “While the data do not indicate a full-fledged downturn in 2019, political and economic uncertainties are more likely to increase than decline in 2019.”

Download the report for more insights on the sentiments of small business CEOs, including:

  • Opinions about recent and future performance of the U.S. economy
  • Revenue and growth expectations
  • Plans for expansion in terms of hiring and investments
  • Impact of the government shutdown on small businesses

Download full infographic

Read the January 2019 report

About the WSJ/Vistage Small Business CEO Survey

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *

Predefined Skins

Primary Color

Background Color

Example Patterns

demo demo demo demo demo demo demo demo demo demo

Privacy Policy Settings

  • Required Cookies
  • Performance Cookies
  • Functional Cookies
  • Advertising Cookies
These cookies are essential in order to enable you to move around the Sites and use its features, such as accessing secure areas of the Sites and using Vistage’s Services. Since these cookies are essential to operate Vistage’s Sites and Services, there is no option to opt out of these cookies.
These cookies collect information about how visitors our Sites, for instance which pages visitors go to most often. These cookies don’t collect information that identifies a visitor. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.

Cookies used

Visual Web Optimizer
These cookies remember information you have entered or choices you make (e.g. as your username, language, or your region), and provide enhanced, more personal features. They may also be used to provide services you have asked for such as watching a video or commenting on a blog. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.

Cookies used

Google Analytics
GTM
Gravity Forms
These cookies are used to make advertising more relevant to you and your interests. The cookies are usually placed by third party advertising networks. They remember the websites you visit and that information is shared with other parties such as advertisers. If you do not allow these cookies, you will experience less targeted advertising.