Survey: CEOs' Optimism about Economy Hits 16-Year Low

Optimism in the U.S. economy among CEOs of the nation's fastest-growing private companies reached a new 16-year low in the first quarter of 2008, with only one out of four (26 percent) CEOs surveyed for PricewaterhouseCoopers' Trendsetter Barometer reporting a positive outlook on the economy. Falling from last quarter's record-low of 29 percent, the number of CEOs with a positive outlook on the economy has fallen 59 percent over the last year, the firm says.

Nearly 75 percent of surveyed CEOs responded they are uncertain or pessimistic about the U.S. economy over the next twelve months, up three points from the last quarter and a 100 percent jump over 1Q07 results. While plans for capital investments were maintained at the lower 35 percent level, projected increased spending was off, with 68 percent planning increased spending versus 77 percent last quarter. Fully three out of four Trendsetter CEOs cited concern over a lack of demand as the number one barrier to growth, up 11 points from last quarter and 19 points from last year's 56 percent.

Oil/energy prices was the second highest concern cited by 44 percent of surveyed companies. Professionals/technicians are the most sought-after new hires, with 40 percent of respondents planning to hire individuals in this field over the next twelve months (down 5 points from the previous quarter). Sales/marketing executives (20 percent) and administrative support (13 percent) were the second and third most cited job types.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Comply with OSHA’s Electronic Recordkeeping Requirements

    Collect relevant incident data and generate accurate OSHA 300, 300A, and 301 regulatory reports, including 300A CSV files for easy electronic submission to OSHA.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus