U.S. chief executive confidence fell in third quarter
Wednesday, November 02, 2011
A recent statement released by Young Presidents’ Organization (YPO) indicated that chief executive confidence fell in the third quarter.
The YPO Global Pulse Index for the United States dropped 3.4 points during the period to reach 57.7 as confidence declined among the more than 1,000 chief executives that answered the survey. The reading for the second quarter was 61.1, Bloomberg reports.
The executives polled have stated that they expect that the economy has a tough road ahead of it over the next two quarters. These same market experts stated their opinion that conditions for doing business have declined. However, chief executives polled did not have the same pessimistic expectations for sales over the next 12 months. The YPO Sales Confidence Index for the United States declined 2.6 points to reach 64.8. This reading is well above 50, which signals expansion.
"The survey results tell you that most CEOs are confident in the strength of their own organizations but are deeply concerned that other factors out of their control may hamper their companies' performance," Alan Zafran, a member of the Global One Chapter of YPO, said in the statement.
Investors who work with discount brokers might benefit from reading executive confidence reports such as this one.
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