The CEO rating of current business conditions has hit a multi-year low, reflecting growing concerns among CEOs about the stagnant business environment. This decline is attributed to factors such as geopolitical instability, tight consumer demand, and a lack of improvement in the labor market.
The rating from the latest report, which stands at 5.7 out of 10, falls into the category of "good" but has not reached the level of "very good" since 2021. CEOs' forecasts for the future are also not optimistic, with a rating of 5.9 out of 10 for business conditions 12 months from now.
While some CEOs remain optimistic, a majority expect flat or worsening conditions. Various factors such as market volatility, high interest rates, and geopolitical events contribute to this pessimistic outlook.
The survey also reveals variations in CEO confidence and forecasts by sector, with retail trade CEOs being the most positive about future business conditions. Overall, this data highlights the challenges and concerns faced by CEOs in the current business landscape.
The highlights and report summary are enclosed below.