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Economy

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modrepub

(3,811 posts)
Thu Feb 20, 2025, 11:09 PM Feb 20

CEO confidence hits 3-year high amid optimism on labor market, economy [View all]

Chief executives haven't been this confident in their business outlook in three years.

Data released Thursday showed the Conference Board's measure of CEO confidence increased by nine points in the first quarter of 2025 to a reading of 60, its highest level in three years. The Conference Board added that the move above 50 indicates a shift from "cautious optimism" to "confident optimism" among business leaders.

The survey included responses from 134 US CEOs and was conducted between Jan. 27 and Feb. 10.

“The improvement in CEO Confidence in the first quarter of 2025 was significant and broad-based,” Stephanie Guichard, senior economist of global indicators at the Conference Board said in the release. “All components of the Measure improved, as CEOs were substantially more optimistic about current economic conditions as well as about future economic conditions — both overall and in their own industries."

https://finance.yahoo.com/news/ceo-confidence-hits-3-year-high-amid-optimism-on-labor-market-economy-154536523.html

Comment: TBH I'd interpret this as a clear sign that things probably aren't going to go well economically in the next few months. When everyone is in agreement one direction or the other, it's often a sign that things are about to change. Honestly, I think it may take months to figure out Trump's economic policy directions. His mercurial habits don't make long-term predictions easy and most real business types like "certainty" over chaos. But what do I know, I'm just a drone trying to keep my job and put some money away for a rainy day.

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