The Conference Board Measure of CEO Confidence, which rebounded in the fourth quarter of 2017, made further gains in the first quarter of 2018. The measure now reads 65, up from 63 in the fourth quarter of 2017 (a reading of more than 50 points reflects more positive than negative responses).
CEOs’ assessment of current economic conditions was slightly more positive, with 75% saying conditions are better compared to six months ago, up from 71% in the fourth quarter of last year. CEOs were also moderately more optimistic in their appraisal of current conditions in their own industries. Now, 51% say conditions in their own industries have improved, up from 49% last quarter.