On December 27, I wrote a post about the latest Business Roundtable’s CEO Economic Outlook Survey and the Duke/CFO Magazine Global Business Outlook Survey.
Subsequent to that post, the Conference Board released its 4th Quarter CEO Confidence Survey. The overall measure of CEO Confidence was at 62, up from 50 in the third quarter.
An excerpt from the January 11 Press Release:
“The bounce back in CEO confidence signals that the cloud of pessimism that prevailed in the third quarter has lifted and CEOs are once again optimistic,” says Lynn Franco, Director of The Conference Board Consumer Research Center. “The improvement in both current and future conditions suggests a strong finish to 2010 and continued growth in the first half of 2011.”
As a reference, the January 27 ContraryInvestor.com site contained the following chart that shows a long-term chart of The Conference Board CEO Confidence Survey readings, along with those readings plotted against changes in GDP, as noted:
A Special Note concerning our economic situation is found here
SPX at 1276.34 as this post is written