In the final quarter of 2007, the Conference Board Measure ("CBM") of CEO Confidence showed a decline to 39 points. This is the lowest measurement since the final quarter of 2000 when the CEO Confidence was registered to be 31 points. On this scale, a score above 50 reflects a more positive sentiment than a negative one. Clearly, at 39 points, the economic outlook by CEOs is not great, standing at a seven year low.
Some factors such as the housing market troubles, liquidity crisis associated with the Asset-Backed Commercial Paper, financial markets instability and energy prices have contributed to the decline in CEO Confidence level.
To read more about this interesting survey, you can visit: http://www.conference-board.org/utilities/pressDetail.cfm?press_ID=3303
1 comment:
Hi,
Your blog give us nice info and tips so for about to the Economic confidential level.
Different economists define economies in different ways Economics is the social science that studies the production, distribution, and consumption of goods and services.
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