CEO Confidence Unchanged in 2Q - Modern Distribution Management

CEO Confidence Unchanged in 2Q

The Measure was unchanged at 43 in the second quarter of 2019.

The Conference Board Measure of CEO Confidence, which had increased marginally in the first quarter of 2019, was unchanged at 43 in the second quarter of 2019 (a reading of more than 50 points reflects more positive than negative responses).

“CEO Confidence was unchanged in Q2, and remains at a moderately pessimistic level,” said Lynn Franco, senior director of economic indicators at The Conference Board. “CEOs’ expectations for growth prospects in mature and emerging economies remain subdued, with no pickup anticipated in the short-term. CEOs’ profit expectations have weakened compared to last year, with trade and tariff uncertainties and signs of a slowing global economy the likely causes of the deterioration.”

CEOs remain moderately pessimistic about current economic conditions, with 13% saying conditions are better compared to six months ago, down slightly from 14% last quarter. However, only 42% say conditions are worse, down from 46% in Q1. CEOs were less negative about current conditions in their own industries compared to six months ago. Currently, 21% say conditions are better, up from 12% last quarter.  

Looking ahead, CEOs’ expectations regarding the economic outlook also remained relatively pessimistic. About 13% anticipate economic conditions will improve over the next six months, compared with 14% in the first quarter. Meanwhile, 44% expect economic conditions will worsen, up from 42% last quarter. CEOs’ expectations regarding short-term prospects in their own industries over the next six months were somewhat more pessimistic. Now, only 17% anticipate an improvement in conditions, down from 19% last quarter.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!