The quarterly Vistage Confidence Index is now available.
CEOs in the latest Vistage survey maintained their economic optimism at the same high level as in late 2013, despite the negative impact from the harsh winter. The Vistage CEO Confidence Index was 101.3 in the 1st quarter 2014 survey, virtually identical to the 101.5 in the 4th quarter of 2013, but well above the 96.6 in last year’s 1st quarter. The past two surveys set the highest average six-month level of confidence in three years. The harsh winter was reflected in more negative evaluations of current economic conditions, but firms reported increases in employment and investment intentions compared to either last quarter and last year.
Below are some key highlights from the Q1 2014 Vistage CEO Confidence Index (all members surveyed):
- 58% of CEOs plan on increasing the number of employees in the years ahead, the highest level recorded since the start of 2007.
- 76% of all CEOs reporting using management training and leadership development programs, with 47% of all CEOs intending to increase their investment in such training.anticipated higher sales revenues in the next year.
- 56% of CEOs provide retirement savings programs to eligible employees.
- 74% of CEOs expect to increase revenue in the next year.
- 57% anticipated higher profits in the next year.
The initial results of my Pivot are excellent. I feel I have much greater clarity regarding the next 3-5 years.. 