Q2 2018 Confidence Index: CEO Confidence Index Stable in Q2 2018

The Q2 Vistage CEO Confidence Index – New data from Vistage indicates that the economic confidence of CEOs from small and midsize businesses (SMBs) has stabilized at favorable levels.

The Vistage CEO National Confidence Index measured 104.1 in the Q2 2018 survey, which is slightly lower than the index from last quarter (105.8) and slightly higher than the index from last year (103.1). The index is calculated using results from a quarterly Vistage survey, which captures SMB CEO opinions on current economic conditions, expected economic conditions, expected change in employment, planned fixed investments, expected revenue growth and expected profit growth.

According to Dr. Richard Curtin, a researcher from the University of Michigan, the index slipped between Q1 and Q2 this year due to slight reductions in SMB CEOs’ investment plans, hiring plans, expected revenue growth and expected profit growth.

Q2 2018 Vistage CEO Confidence Index highlights for the Chicago Area:

  • 36% of CEOs expect the economy to improve in the year ahead (vs. 32% nationally)
  • 45% of CEOs expect to increase investments in the year ahead (vs. 48% nationally)
  • 72% of CEOs expect to increase revenue in the year ahead (vs. 78% nationally)
  • 48% of CEOs plan to expand their workforce in the next year (vs. 61% nationally)
  • 63% of CEOs thought the national economy had improved in the past year (vs. 64% nationally)
  • 58% of CEOs expect rising profits in the year ahead (vs. 62% nationally)

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Elisa K. Spain