The Conference Board Measure of CEO Confidence, which declined to 34 in the third quarter of 2019, rebounded to a reading of 43 in the fourth quarter. A reading of more than 50 points reflects more positive than negative responses.
CEOs are less pessimistic about current economic conditions, with 15% saying conditions are better compared to six months ago, up from just 8% last quarter. Now, 52% say conditions are worse, down from 73% in Q3. CEOs are also more positive about current conditions in their own industries. Currently, 25% say conditions are better compared to six months ago, up from about 15% last quarter. Regarding conditions in their own industry, about 42% say conditions are worse, down from 63% last quarter.