CEO confidence bounces back as trade and tariff worries ease
Summary
CEO confidence has improved over the summer, according to a report by the Conference Board and the Business Council. Although confidence rose, many business leaders remain cautious about the economy and conditions. Trade deals have reduced some concerns about tariffs.Key Facts
- CEO confidence increased by 15 points, reaching 49 in the three months ending in July.
- A score below 50 means there are still more negative than positive views among CEOs.
- The improvement came as tensions over tariffs between the U.S. and China lessened.
- More CEOs now plan to reduce their workforce (34%) than to expand it (27%).
- CEOs ranked "geopolitical instability," "cyber," and "tariffs and trade" as top concerns.
- 93% of CEOs are using technology like AI to manage costs.
- 89% plan to negotiate supplier costs or potentially pass increased costs to customers.
- The data was collected from July 14 to July 28, surveying 122 CEOs mainly from U.S. companies.
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