The quarterly Vistage Confidence Index is now available.
Confidence among CEOs reached its highest level in two years, finally achieving a lift-off from its favorable holding pattern in the last three quarters. The Vistage CEO Confidence Index was 103.4 in the 3rd quarter 2014 survey, up from 101.0 in the 2nd quarter and 97.8 in last year’s 3rd quarter, and the highest level since 105.1 was recorded in the 1st quarter of 2012. There is no greater indication of confidence in future prospects than a firm’s willingness to increase their fixed investment spending and to expand their workforce. On both counts, firms reported the most expansive plans since 2006.
Below are some key highlights from the Q3 2014 Vistage CEO Confidence Index (all members surveyed):
- 75% of CEOs anticipated revenue gains over the next 12 months. Only 4% anticipated declines in their revenues, the lowest ever recorded.
- 52% of CEOs reported an improving economy, up from 50% one quarter ago and 46% one year ago.
- 59% of CEOs anticipated increased profits in the next year, just above last quarter’s 56% and above last year’s 54%.
- 58% of CEOs planned to increased their workforce, while just 4% planned reductions.