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