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CEO Confidence Survey can be defined as the survey that is conducted monthly which includes 100 of CEOs from varied industry in the United States of America and the survey is used to gauge the economic forecast of the CEOs by analyzing their business concern.
Apart from their business concern their position on where the economy is going is also considered. Since the survey is conducted and reported by the board which includes questions on hiring new employee obstacles and the reasons involved in company layoffs, industry concerns as well as economic worries are also considered.
The survey target up on the CEOs due to their potential to make big investment decision which have an effect on the economy as a whole as the survey helps guide trader as well as investor with insight and valuable data about upcoming economic condition. In the survey, a reading of 50 or higher indicates that the at CEOs included in the survey are more bullish in their outlook on the economy and if there is a low rating this will indicate a bearish outlook.
The CEO Confidence Survey researches CEOs' views on obstacles to hiring new workers as well as the reasons for layoffs. It is concerned about their industry as well as the economy including their short-term as well as the long-term economic outlooks.
CEOs are considered as people who have the power to make large investment decisions that can impact the economy as a whole and this is the reason why the CEO Confidence Survey can provide investors as well as traders with valuable insight into economic conditions. CEOs’ assessment of current economic conditions has grown slightly more favorable with 15 percent claiming conditions. This has improved when compared to six months ago up from 9 percent last quarter.
The CEO Confidence Survey which is formerly the "Measure of Business Confidence" and this survey result is published every quarterly by the Conference Board where the Conference Board is a global and independent business membership. It is a research association working in the public interest and the mission is unique that is to provide the world’s leading organizations with the practical knowledge they need to improve their performance as well as better serve society
