Q3 2023 ANALYSIS FEATURING ITR ECONOMICS
CEO Confidence Adjusts Upward
The Q3 2023 Vistage CEO Confidence Index rises slightly to 76.0 due to small increases in economic confidence.
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VISTAGE CEO CONFIDENCE INDEX
The Vistage CEO Confidence Index is calculated from responses to a set of six questions about the current and future state of the U.S. economy, revenue and profitability projections and hiring and investment plans. Measured over time, the Index reflects trends in the U.S. economy and leads both GDP and changes to employment.
“Using our rate-of-change methodology, the 12/12 analysis of the Vistage CEO Confidence Index is showing a rise, while the 3/12 is signaling downward movement, consistent with our forecast for a weaker macroeconomy in 2024.”
Vice President of Economics, ITR Economics
VISTAGE CEO CONFIDENCE INDEX COMPONENTS
The components of the CEO Confidence Index include six standard questions that are scored as the percentage giving favorable replies minus the percentage giving unfavorable replies, plus 100. The Vistage CEO Confidence Index is the sum of the components calculated as a percentage of the level recorded in the Q2 2003 survey. Because the survey began in Q2 2003, the Index for that month was 100.
VISTAGE CEO INDEX: CURRENT EVENTS
Each quarter the survey captures data on the most pressing issues and challenges CEOs and other key leaders of SMBs are facing. Analysis provides perspectives to help leaders make better decisions for their businesses, and the data is foundational to insights created by Vistage research.
VISTAGE CEO CONFIDENCE INDEX ARTICLES
For 20 years, the Vistage CEO Confidence Index has been the definitive voice of high-performing, high-integrity small and midsize business leaders. It’s provided the world-class insights that chief decision-makers need, in service to our vision of being the most trusted resource to SMBs. Using ITR Economics rate-of-change methodology, analysis has revealed that the Vistage CEO Confidence Index is a leading indicator of the U.S. Industrial Production Index 9 months in advance.