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.

  • 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.

  • Analyze Incident Data

    Collect relevant incident data, analyze trends, and generate accurate regulatory reports, including OSHA 300, 300A, and 301 logs, through IndustrySafe’s extensive incident reporting and investigation module.

  • Safety Training 101

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common training questions.

  • Conduct EHS Inspections and Audits

    Record and manage your organization’s inspection data with IndustrySafe’s Inspections module. IndustrySafe’s pre-built forms and checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Industry Safe
comments powered by Disqus

OH&S Digital Edition

  • OHS Magazine Digital Edition - April 2019

    April 2019

    Featuring:

    • ELECTRICAL SAFETY
      Taking the Guesswork Out of De-Energizing Industrial Equipment 
    • VISION PROTECTION
      Four Simple and Effective Ways to Avoid Digital Eye Strain
    • FOOT PROTECTION
      PPE the Automotive Industry Needs to Invest In
    • FIRE SAFETY
      Eliminate 10 Fire Hazards That May Be in Plain Sight
    View This Issue