Industry News

CEO confidence remains strong

Profit expectations better than last year

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Chief executives' confidence in the nation's economy dipped slightly in the second quarter, The Conference Board reported today. The index used to measure executive confidence dipped to 70 points in the second quarter after it surged to 73 points in the first quarter of 2004. A reading of more than 50 points reflects more positive than negative responses. CEOs' overall assessment of current conditions remained positive in the second quarter and the measure of current economic conditions held steady at 78 points. More than 90 percent of CEOs claim current economic conditions have improved, the same as last quarter. In assessing their own industries, the measure edged up to 72  from 71. More than 70 percent say conditions are better now compared with six months ago. In looking ahead to the next six months, CEOs' expectations were more subdued than last quarter. Business leaders' outlook for the economy dipped to 68 points from 72 points. Their expectations for their own industries a...