CEO Confidence Turns Positive
All five components of the CEO Confidence Index showed gains ranging from 6.9% to 15.9%. The individual components of the CEO Confidence Index fluctuated in November, reflecting continued uncertainty in the business environment. Surprisingly, the component that showed the largest percentage gain in December was the Employment Confidence Index.
The Employment Confidence Index has been the worst performing component of the index, reflecting the highest unemployment rate since 1982. The Employment Confidence Index rose 15.9% to 63.6 in December. While an improvement, the high unemployment rate remains a hurdle to full recovery. One CEO commented, “The job market is extremely depressed right now.” Another CEO added, “I think we are several quarters away from companies beginning to rehire”. Many CEOs are taking advantage of the skilled labor pool, and making strategic hires. Many CEOs commented on the wide availability of skilled labor, “The talent pipeline is rich for those willing to make appropriate trade-offs or investments.” The Employment Confidence Index is an early indicator of changes in the employment rate 6 months in the future.
The Current Confidence Index showed a gain of 8 points (12.6%), rising to 63.6. This increase reflects more of a stabilization than an improvement, offsetting November’s loss of 12.2 points. The President of one Midwest firm stated, “Isolated markets and segments are improving. There is no consistency in the growth company-wide, or over time yet.”
The Investment Confidence Index gained 11.2 points (11.1%), recovering from November’s loss of 8.7 points. The increase raises the Investment Confidence Index to 101.1 points. CEO investment sentiment is similar to their hiring sentiment. One CEO told Chief Executive, “We are hiring and investing strategically. While we are continuing to improve wages and benefits to our current employees, we are doing so under tight controls”.
The Future Confidence Index increased 10% to 100.1 points. Many CEOs see conditions improving, but are cautious in predicting the timeline. One CEO commented, “I think we are several quarters away from companies beginning to rehire”. Another CEO provided a similar sentiment, “I don't see things improving until summer at best”.
The Business Conditions Index showed the smallest percentage gains, rising 6 points (6.9%) to 86.5. This reflects the current high unemployment rate, and the lack of access to capital business leaders continue to face. While many believe the worst is behind us, uncertainty remains strong. One CEO stated poignantly, “We continue to see a very challenging operating environment”.
Perhaps the economy has passed the low point and is beginning to recover. Certainly, there remain many hurdles to be overcome, but a change seems to be in the air. One CEOs comments provided a ray of hope, “While not entirely reflected in indices, there appears to be a much more positive attitude and expectation of better times ahead”.
CEO Confidence Index, December, 2009
CEO Index 76.2 85.4 10.8%
Current Confidence Index 55.6 63.6 12.6%
Future Confidence Index 90.1 100.1 10.0%
Business Condition Index 80.5 86.50 6.9%
Invest Confidence Index 89.9 101.1 11.1%
Employment Confidence Index 53.5 63.6 15.9%
About Chief Executive magazine
Chief Executive is a controlled circulation magazine that has been published since 1977. It reaches 42,000 chief executive officers and their peers, reaches a total readership of 220,000. Chief Executive Group facilitates "Chief Executive of the Year," a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of his or her peers. Jim Skinner, Anne Mulcahy, Bob Ulrich, A. G. Lafley, George David, Fred Smith, Bill Gates, John Chambers, Michael Dell and Sandy Weill are just some of the leaders who have been honored during the award's 24-year history. Chief Executive also organizes roundtable meetings and conferences to foster opportunities for top corporate officers to discuss key subjects and share their experiences within a community of peers. Visit www.chiefexecutive.net for more information.
JHF Consulting Services
1078 Fairfield Meadows Dr
Weston, FL 33327
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release CEO Confidence Turns Positive here
News-ID: 115700 • Views: 1302
More Releases for CEO
New CEO for EnOcean
EnOcean appoints Laurent Giai-Miniet as Chief Executive Officer Oberhaching, Germany, 30 September 2011 – EnOcean GmbH today announced that it has appointed Laurent Giai-Miniet as its new Chief Executive Officer. Together with Andreas Schneider, Chief Marketing Officer, and Uwe Thumm, Chief Financial Officer, he will promote the company's technology and drive business growth on a global scale. He will replace Markus Brehler, who has left the company. “I’m really excited to
Ceo development coaching
International coaching foundation Executive & Business Coaching Foundation India Limited is India’s first institution dedicated to the cause of Coaching.,CFI’s Training division conducts programs in the executive and business coaching space to create coaches of international standing and participant is accredited as Leadership Development Coach and admitted as Associate Member of CFI.The primary objective of the accreditation process is to ensure that all CFI coach interns display adequate evidence of
TEAM International CEO Matt Moore shares thoughts with CEO Journal
Matt Moore discusses challenges and opportunities of application development and maintenance outsourcing to centers in Eastern Europe in his interview with the popular online industry resource for top executives. As the global economy recovers, U.S., European, and Asia-PAC corporations enjoy a favorable environment for developing successful near-and-offshore relationships for application development and maintenance. In his interview to CEO Journal Matt Moore talks about the benefits of outsourcing software development services, concentrating
Up4Sale appointed a new CEO
Roy Rodriguez has been appointed Chief Executive Officer for Auckland ecommerce solutions software developer Up4Sale Ltd. Rodriguez joins the company from ProjectPartner.com, where he was business development manager, and has extensive experience in management, sales, marketing and engineering roles in the technology and security markets in New Zealand and his native Israel. Rodriguez brings his technical expertise, leadership, relationship building abilities, vision and leadership required of this significant role. Rodriguez
Exhilway Finance deputy CEO resigns
Calgary: Exhilway Finance International (EFI) said today that Franklin Thomas resigned as deputy CEO of the company. Sara Worth will replace Franklin. According to insiders, Sara is hired on an annual package of US $2.6 million, 25% higher than Franklin. Franklin resigned due to Exhilway's dismal growth in Gulf countries. The resignation highlights increased sensitivity among wealth managers to annual growth. EFI which is the world's sixth largest wealth manager
Diskeeper Corporation Appoints New CEO
EAST GRINSTEAD, England -- Diskeeper Corporation Europe announces a groundbreaking development in its management structure, as long-standing Deputy CEO Lisa Terrenzi has been named Chief Executive Officer. In 2007 Diskeeper Corporation achieved the highest ever sales in its 26 year history, which is directly linked to the extraordinary and efficient leadership of Ms. Terrenzi. Founder and Chairman Craig Jensen stated: “Lisa Terrenzi has been indispensable to the success of Diskeeper