Source: Material Handling & Logistics — Aug. 12, 2024
Conference Board report says executives downgraded current situation, but are cautiously optimistic for future.
Executives have hit their lowest level of conference in the economy for 2024, according to The Conference Board Measure of CEO Confidence.
The measurement fell to 52 in Q3 2024, down from 54 in the previous quarter. A total of 130 CEOs participated in the Q3 survey, which was fielded from July 15 through 29.
“CEOs remained cautiously optimistic about the future but their views about the current economic situation weakened in Q3,” said Roger W. Ferguson, Jr., vice chairman of The Business Council, in a statement. “Negative views about current economic conditions outweighed positive views of the economy, with more CEOs saying that conditions have worsened compared to six months ago than saying they improved.
“Their views about current conditions in their own industries also deteriorated. CEOs’ views about the economy going forward were little changed, but still positive on net. The balance of opinions on future conditions in own industries was also stable and moderately positive.