The Young Presidents' Organization Global Pulse Index dropped 3.4 points in the third quarter to 57.7 as confidence declined among the more than 1,000 U.S. CEOs participating in the survey.
This marks the second straight decline and the first time the U.S. index has dropped in consecutive quarters since the index started in July 2009. The index is based on 50, meaning a reading of 57.7 reveals CEOs are moderately confident the economy will grow over the next 12 months, but this confidence has lessened since July 2010.
The index also finds CEOs believe business conditions have worsened since only six months ago. Twenty-seven percent of respondents say the economy had improved, a drop from 46 percent in the July survey. Another 36 percent of respondents say conditions worsened, compared to 17 percent of respondents from the July index.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
