major organization representing chief executives shows confidence up in
the third quarter of the year, with no evidence of a double dip
recession.
In
a press release today Vistage International tells us that virtually
every CEO expects rising health care costs and that the extension of
Bush Tax cuts is important for business. 62% of CEOs believe the
Republicans will control the U.S. House of Representatives in January
2011.
Vistage International believes its assessments provide a "window into our economic future."
According
to Vistage International Chairman and CEO Rafael Pastor, “Since 2003,
The Vistage CEO Confidence Index has proven to be a reliable predictor
of year-on-year changes in the GDP as published by the U.S. Bureau of
Economic Analysis. No double dip is good news, but healthcare, taxes,
access to credit, and overall economic uncertainty remain obstacles to
jumpstarting sustainable growth,” Pastor said.
to Vistage International Chairman and CEO Rafael Pastor, “Since 2003,
The Vistage CEO Confidence Index has proven to be a reliable predictor
of year-on-year changes in the GDP as published by the U.S. Bureau of
Economic Analysis. No double dip is good news, but healthcare, taxes,
access to credit, and overall economic uncertainty remain obstacles to
jumpstarting sustainable growth,” Pastor said.
The
Vistage Confidence Index edged upward to 95.1 in the 3rd quarter 2010
survey, from 94.4 in the 2nd quarter and 93.7 in the 1st quarter surveys
of 2010. Although the gains have been small in the past six months, the
Confidence Index was 12% above the year earlier level of 84.9.
Vistage Confidence Index edged upward to 95.1 in the 3rd quarter 2010
survey, from 94.4 in the 2nd quarter and 93.7 in the 1st quarter surveys
of 2010. Although the gains have been small in the past six months, the
Confidence Index was 12% above the year earlier level of 84.9.
Given
the uncertain economy, CEOs' emphasis has been on containing costs,
retaining current customers and expanding product and service offerings
to attract new customers. Most CEOs (83%) believe that lower sales, due
in part to the tough economic climate, was the primary driver of changes
in the health of their firms. The survey of 1845 respondents was
conducted from September 14-24, 2010.
the uncertain economy, CEOs' emphasis has been on containing costs,
retaining current customers and expanding product and service offerings
to attract new customers. Most CEOs (83%) believe that lower sales, due
in part to the tough economic climate, was the primary driver of changes
in the health of their firms. The survey of 1845 respondents was
conducted from September 14-24, 2010.
A
survey of chief executives also finds a slow recovery is expected and a
slow return to employment recovery. They also don't believe there will
be a double dip recession.
survey of chief executives also finds a slow recovery is expected and a
slow return to employment recovery. They also don't believe there will
be a double dip recession.
Vistage
observes what it considers an interesting sideline of their
assessment. When asked, “If you had to do so today, would you start
your business in the current economic climate?” 52% responded “no” or
“not likely.”
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