CEO confidence is on the rise – index data
McWeeney 4/16 (Katie McWeeney, Multimedia content marketing leader with more than 15 years of experience creating content for CEOs and business leaders, that helps decision making, “Small and Midsize Business Confidence Climbs for Fourth Consecutive Quarter, Fueling Anticipation for 2025 Growth Cycle,” Vistage, April 16, 2024, https://www.vistage.com/press-center/press-release/small-and-midsize-business-confidence-climbs-for-fourth-consecutive-quarter-fueling-anticipation-for-2025-growth-cycle/#:~:text=In%20Q1%202024%2C%20the%20Vistage,%2FVistage%20Worldwide%2C%20Inc.), Accessed: 6/27/24) SJR
Small and midsize business (SMB) CEOs' confidence in the economy continued its upward trajectory in Q1 2024, per the latest CEO Confidence Index fromVistage, a CEO coaching and peer advisory organization.
This quarter marks four consecutive quarters of increased confidence, signaling sustained growth in economic optimism. In Q1 2024, the Vistage CEO Confidence Index surged nearly four points to 85.9, maintaining its steady climb from 82 in Q4 2023, 76 in Q3 2023, 74.2 in Q2 2023, and 72.6 in Q1 2023.
"Much like athletes undergoing rigorous rehabilitation after sustaining serious injuries, our economy is steadily recovering from the unprecedented challenges imposed by the pandemic," said Joe Galvin, Vistage's chief research officer. "We've observed a notable improvement in economic sentiment, which has been a key driver behind the surging Vistage CEO Confidence Index. While expectations for revenue and profits have remained stable compared to the previous quarter, we've noticed a slight increase in investment for expansion initiatives, tempered by a decline in intentions to hire. We are cautiously optimistic we are slowly inching towards a 2025 growth cycle.