Vistage Confidence Index: CEO Optimism Grows In Q3 2013

2013-11-10 Confidence Index Q3The quarterly Vistage Confidence Index is now available.

CEOs held more optimistic expectations for gains by their
own firms in the Q3 2013 Vistage CEO Confidence Index,
even though they held less favorable views about the overall economic environment. The Vistage CEO Confidence Index was 97.8 in the 3rd quarter 2013 survey, just above the 96.7 in the 2nd quarter survey but substantially above the 89.0 recorded in last year’s 3rd quarter.

Below are some key highlights from the Q3 2013 Vistage CEO Confidence Index (all members surveyed):

  • 54% of all CEOs expected their firm’s profitability to improve. This is the highest figure recorded since the start of 2012.
  • 71% of all CEOs anticipated higher sales revenues, up from 68% last quarter and 66% a year ago.
  • 40% of CEOs said a proposal to raise the federal minimum wage to $9 or $10 an hour would have a negative impact on the growth of their business.
  • 53% of all CEOs said the minimum wage hike would not have a significant impact on growth, perhaps due to the higher wages already paid to their employees.
  • 68% of CEOs said the U.S. debt burden of $16.7 trillion has an impact on their business growth.
  • 73% of CEOs believe that Congress must enact a dollar of spending cuts for every dollar used to increase the debt ceiling

Elisa K. Spain