The Vistage Confidence Index was 103.1 in the second quarter, down from 106.9 in the 1st quarter but still well above last year’s 88.0.
Q2 2017 Vistage CEO Confidence Index highlights include:
- 55% of CEOs reported that economy had recently improved, slightly below last quarter’s 59% but more than twice last year’s 21%.
- Only 38% expected continued improvement, down from 57% last quarter and 58% in Q4 2016, but higher than 20% in Q2 2016.
- 60% of CEOs plan to expand their workforce in the year ahead. The majority 62% indicate that they were having trouble finding and hiring workers.
- 48% of CEOs are planning for increased investments in plant and equipment.
- 73% of expect increased revenue, down from 77% in Q1 and 78% in Q4 2016.
Chicago Area Survey Highlights:
- 28% of CEOs expect the economy to improve in the year ahead (vs. 38% nationally)
- 44% of CEOs expect to increase investments in the year ahead (vs. 48% nationally)
- 63% of CEOs expect to increase revenue in the year ahead (vs. 73% nationally)
- 57% of CEOs plan to expand their workforce in the next year (vs. 61% nationally)
- 51% of CEOs thought the national economy had improved in the past year (vs. 55% nationally)
- 57% of CEOs expect rising profits in the year ahead (vs. 60% nationally)
The initial results of my Pivot are excellent. I feel I have much greater clarity regarding the next 3-5 years.. 