CEOs see the upside
April 29, 2005,
NEW YORK — The nation's chief executives grew modestly more bullish about the outlook for the U.S. economy during the first quarter of the 2005, and The Conference Board's quarterly gauge of CEO confidence inched up to a reading of 62, after falling to a level of 61 during the closing quarter of last year.
But CEOs’ more jaundiced view of the short-term outlook "has not changed dramatically," The Conference Board reported.About 43 percent of business leaders expect economic conditions to improve in the coming months, down from 50 percent last quarter. Expectations for their own industries were also more subdued, with 47 percent anticipating an improvement, down from 52 percent the previous quarter. At the same time, fewer CEOs expect conditions, both economic and in their own industries, to worsen over the next six months.